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 ended on Sep/10 at $5.02 and collapsed a bloodcurdling -15.63%. On September 5th MMDM boosted a super good 29.19%. With Sep 10th it's been 3 red days in a row.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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

Daily outlook

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.

MMDM stock chart (daily)

Weekly outlook

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 chart (weekly)

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 target

Nobody 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 Share

After 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.
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

In , 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 .

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

Quarterly financial results

Reported 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.
MMDM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2

Modern Media Acquisition ownership

When 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:

MMDM
Market cap$33.0 M
Total shares6.6 M
Float shares0.0 M
  - Institutional holdings (%)68.9%
  - Insider holdings (%)20.0%
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 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 :
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.