MMDM stock: buy or sell?
September 10th, 2019
Modern Media Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, or other similar business combination with one or more businesses.
Should I buy MMDM stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Modern Media Acquisition stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Modern Media Acquisition stock a buy?
Financial institutions and banks publish stock ratings everyday.Unfortunately, we couldn't find any rating for MMDM stock for the last 30 days.
MMDM stock analysis
Modern Media Acquisition closed on Sep 10th at $5.02 and collapsed a bloodcurdling -15.63%.
Modern Media Acquisition shares collapsed -15.63% to $5.02 on Sep/10. Since Aug/26 when MMDM stock price broke down the SMA200d line, it slid $-5.42 per share (-51.92%). MMDM marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $9.00 would break this short term down trend and open possibilities for reversing this situation. On June, MMDM hit a new all time high, pushing higher than on June tops. Check different trading setups that use ATHs as triggers.
After boosting an amazing 22.88% in a week early September, Modern Media Acquisition closed this week at $5.02 and collapsed a bloodcurdling -31.23%.
Not so far away is the last all-time high Modern Media Acquisition marked late June, but since then it dropped a 63.30%. Since price and 40-weeks moving average lines crossed down late August, MMDM fell $-5.42 per share (-51.92%). Stocks under the 40-weeks moving average line are usually not recommended for average traders.
MMDM stock price history
MMDM stock went public on June 7th, 2017 with a price of $9.751. Since then, MMDM stock declined a -48.50%, with a yearly average of -24.30%.
1: Adjusted price after possible price splits or reverse-splits.
MMDM stock historical price chart
MMDM stock reached all-time highs on June with a price of $13.68.
MMDM stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' MMDM stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price target for Modern Media Acquisition stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on November, Modern Media Acquisition . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn , Modern Media Acquisition annual turnover to M USD from marked in . When comparing vs , , profit margin (that is, the net income divided by revenues) a to .
Quarterly financial resultsReported quarter earnings marked $0.60 million with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was inf%. When comparing turnover to same quarter last year, Modern Media Acquisition sales marked a neutral move and remained steady a nan%. Looking back to recent quarterly results, Modern Media Acquisition posted 6 negative quarters in a row.
Modern Media Acquisition ownershipWhen you are planning to buy shares of a company, it's always worth to review its ownership structure.
Modern Media Acquisition shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 20.00% of all shares.
In case of Modern Media Acquisition stock, 68.91% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions).
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$33.0 M|
|Total shares||6.6 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||68.9%|
|- Insider holdings (%)||20.0%|
|Shares in short selling||0.0%|
|Tuesday, September 10th, 2019|
|Day range||$5.02 - $5.80|
|Average true range||$1.56|
|50d mov avg||$9.98|
|100d mov avg||$10.26|
|200d mov avg||$10.23|
Modern Media Acquisition performanceTo better understand Modern Media Acquisition performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Modern Media Acquisition to :
|MMDMModern Media Acqu...||-52.42%||-51.40%||-50.30%|