Medalist Diversified REIT Inc. (NASDAQ:MDRR) shares, rose in value on Thursday, 06/10/21, with the stock price down by -3.76% to the previous day’s close as strong demand from buyers drove the stock to $1.79.
Actively observing the price movement in the last trading, the stock closed the session at $1.86, falling within a range of $1.73 and $1.96. Referring to stock’s 52-week performance, its high was $6.13, and the low was $1.03. On the whole, MDRR has fluctuated by 18.54% over the past month.
The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 27.93%.
Analysts have estimated the company’s revenue for the quarter at $3.07 million, with a low estimate of $3.07 million and a high estimate of $3.07 million. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $12.18 million, representing an increase of 31.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MDRR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the MDRR stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MDRR currently trading nearly 22.56% and 19.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.60, while the 7-day volatility ratio is showing 14.25% which for the 30-day chart, stands at 10.97%. Furthermore, Medalist Diversified REIT Inc. (MDRR)’s average true range (ATR) is 0.19. The company’s stock has been forecasted to trade at an average price of $3.50 over the course of the next 52 weeks, with a low of $3.50 and a high of $3.50. Based on these price targets, the low is -95.53% off current price, whereas the price has to move -95.53% to reach the yearly target high. Additionally, analysts’ median price of $3.50 is likely to be welcomed by investors because it represents a decrease of -95.53% from the current levels.
Data on historical trading for Medalist Diversified REIT Inc. (NASDAQ:MDRR) indicates that the trading volumes over the past 10 days have averaged 6.38 million and over the past 3 months, they’ve averaged 3.38 million. According to company’s latest data on outstanding shares, there are 5.86 million shares outstanding.
Nearly 1.20% of Medalist Diversified REIT Inc.’s shares belong to company insiders and institutional investors own 2.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.1 million shares as on Apr 14, 2021, resulting in a short ratio of 1.13. According to the data, the short interest in Medalist Diversified REIT Inc. (MDRR) stood at 7.24% of shares outstanding as of Apr 14, 2021; the number of short shares registered in Mar 14, 2021 reached 61390.0. The stock has fallen by -17.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDRR stock heading into the next quarter.