MDC Partners Inc. (NASDAQ:MDCA) traded at $2.08 at last check on Tuesday, Jun 30, making a downturn move of -4.37% on its previous day’s price.
Looking at the stock we see that its previous close was $2.175 and the beta (5Y monthly) reads 0.66 with the day’s price range being $2.0100 – 2.2800. In terms of its 52-week price range, MDCA has a high of $3.43 and a low of $1.01. The company’s stock has gained about 60% over that past 30 days.
On the other hand, looking at the outlook for the MDCA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the MDC Partners Inc. (MDCA) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MDCA stock currently stands at 0, and the current price level is 41.02% off its SMA20 and 52.78% from its 50-day simple moving average. The RSI (14) is pointing at 69.24 while the volatility over the past week is 19.45% and drops to 13.11% over the past one month. The beta value is 0.66, while the average true range (ATR) is currently pointing at 0.26. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are 44.23% and +44.23% off the current price level respectively, although investors could be excited at the prospect of a +44.23% if the MDCA share price touches on the median price of $3.
Let’s briefly compare MDC (MDCA) stock to its peers. We find that today’s price change of -4.37% and -19.07% over the past 12 months for MDCA competes that of Omnicom Group Inc (OMC), which has seen its stock price rise 0.57% in the latest trading session and is -34.65% over the last one year. Another of its peers Wpp Plc ADR (WPP) has climbed 1.53% today, but is -39.05% down over the past year, while Interpublic Group of Companies (IPG) is also down -4.37% yet its price remains in the red at -19.07% over the same period. Omnicom has a P/E ratio of 8.98 compared to MDC’s 0 and Wpp’s 12.66. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.85% and 1.54%, respectively, in early deals.
Coming back to MDC Partners Inc. (NASDAQ:MDCA), we note that the average 3-month trading volume was 885.19 Million, while that of the preceding 10-day period stands at 7.19 Million. Current shares outstanding are 74.49 Million.
According to data from Thomson Reuters, insiders hold 4.92% of the company’s shares while institutions hold 89.92%. The data shows that short shares as of June 14, 2020, stood at 2.28 Million at a short ratio of 8.3. This represents a 3.06% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 1.91 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -25.18% down in year-to-date price movement.