MMDM stock: buy or sell?

MMDM stock price: $5.02 -15.63% At close on September 10th, 2019

Updated on:
September 10th, 2019

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Shares of Modern Media Acquisition plummed a spooky -15.63% and closed at $5.02. On September MMDM climbed an amazing 29.19%. With September it's been 3 sliding days in a row, loosing $-3.92 (-61.93%).

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment 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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean MMDM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Modern Media Acquisition stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for MMDM stock for the last 30 days.

MMDM stock analysis

Daily outlook

Shares of Modern Media Acquisition closed on September at $5.02 and plummed a spooky -15.63%.

Modern Media Acquisition shares plummed -15.63% to $5.02 on September. Since August 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.

MMDM stock chart (daily)

Weekly outlook

After boosting an extraordinary 22.88% in a week early September, Modern Media Acquisition closed this week at $5.02 and plummed a chilling -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 late August, when MMDM stock price broke down the 40-weeks moving avarage line, it slid $-5.42 per share (-51.92%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

MMDM stock chart (weekly)

MMDM stock price history

MMDM IPO was on June 7th, 2017 at $9.75 per share1. 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 target

How much a stock will be priced tomorrow or next week is quite unpredictable 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 found any price prediction for Modern Media Acquisition stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Modern Media Acquisition published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
MMDM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-27n/an/an/a
2018-Q12018-06-27n/a0.01n/a
2018-Q22018-08-09n/an/an/a
2018-Q32018-11-13n/an/an/a
2018-Q4-n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to , last anual turnover report draw of to M USD. , its income margin (compared to revenues) to , that is million.

MMDM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY

Quarterly financial results

Reported quarter income marked $0.60 million with a profit margin of . Profit margin remained constant 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 tight movement and stayed stable a nan%. Looking back to recent quarterly results, Modern Media Acquisition posted 6 positive quarters in a row.
MMDM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2

Modern Media Acquisition ownership

When you are planning to invest in a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Modern Media Acquisition, of all outstanding shares are owned by its staff.

For a better understanding, the next table shows ownership data compared to other related stocks:

MMDM
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

MMDM summary

Tuesday, September 10th, 2019
Open$5.80
Close$5.02
Day range$5.02 - $5.80
Previous close$5.95
Session gain-15.63%
Average true range$1.56
50d mov avg$9.98
100d mov avg$10.26
200d mov avg$10.23
Daily patternlb06a
Weekly pattern lb06a

Modern Media Acquisition performance

To measure stock performance is always good to compare with competitors or related stocks. We compared Modern Media Acquisition against in the following table:
Stock3m6m12m
MMDMModern Media Acqu...-52.42%-51.40%-50.30%

Modern Media Acquisition competitors

Unfortunately, we could not find any public company that could be defined as Modern Media Acquisition competitor. This doesn't mean Modern Media Acquisition does not have any competitor in the market, it's just we could not detected it.