GlobeNewswire Inc.T3·3mo ago
MRDN Meridian Holdings Inc.
XNAS
8.20
+0.00%
After hours
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MRDN
$8.20
▲ +0.00%
What changed
Recent filings, trades and movesKey stats
$8.27
After hours
$8.20
+0.00%
- 52-Week Range
- $6.01 – $16.09
- YTD
- +12.06%
- IV Rank (30D)
- 0.26
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.67
- Market Cap
- $0.1B
- Open
- $9.26
- Day Range
- $8.13 – $9.26
- Volume
- 43,344
- Prev Close
- $8.68
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.84 |
| Cost of Equity (CAPM) | 15.04% (VRP-adj) |
| WACC | 14.62% |
| Volatility Risk Premium | +195.0pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -164.1% |
| Book / Price | 46.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 55.7% |
| FCF Margin (TTM) | 12.5% |
| Debt / Equity | 0.00 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $11.93 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $10.31 |
| Bollinger Width / SMA20 | 28.8% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $0B |
Peers used for multiples: ADBE, CRM, CRWD, MSFT, NET, NOW, ORCL, PLTR, SHOP, SNOW
(SIC-code peers; ETF co-membership was sector-incoherent)
Blended Fair Value
$106.39
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $18.04 | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 50.7× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 34.0× · 9 peers |
| Peer P/B | $46.13 | 43% | median 11.5× · 10 peers |
| Peer P/S | $195.32 | 43% | median 12.3× · 10 peers |
| Market Anchor (SMA50) | $11.93 | 13% | stability 6% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNAS
- Market Cap
- $0.1B
- Employees
- 1,200
- List Date
- 2009-01-02
- CIK
- 0001437925
- Last Earnings
- Jul 29 · +1.3% vs ±37.2% expected
- Headquarters
- Las Vegas, NV
- Homepage
- https://www.meridian-holdings.com
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter priz…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -- | -- |
| Mar | -2.17% | -2.17% |
| Apr | 41.89% | 41.89% |
| May | 5.73% | 5.73% |
| Jun | 11.99% | 11.99% |
| Jul | -19.50% | -19.50% |
| Aug | -0.29% | -0.29% |
| Sep | -9.91% | -9.91% |
| Oct | -15.31% | -15.31% |
| Nov | -12.58%* | -12.58% |
| Dec | -- | -- |
| Total | -12.01% | -12.01% |
* Only 1 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $10.16
SMA 50: $11.81
SMA 200: $10.89
Current: $8.20
EMA 12: $9.55
EMA 26: $10.37
MACD: -0.8268 | Signal: -0.0989
BEARISH
ADX (14): 54.01
STRONG TREND
+DI: 6.81
−DI: 32.46
Momentum Oscillators
RSI (14): 24.28
OVERSOLD
Stoch %K: 1.70
Stoch %D: 10.24
Williams %R: -97.96
Volume & Volatility
BB Upper: $11.85
BB Lower: $8.47
OVERSOLD
OBV: 2,878,080
Vol SMA 20: 37,619
Vol ROC: -3.17%
ATR: $0.69
True Range: $1.12
HV 20: 55.6%
HV 30: 53.1%
HV 60: 46.0%
Data Summary
Data Points: 493
Last Updated:
Date Range: 2017-01-25T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before MRDN’s Jul 29 earnings report, so it doesn’t reflect the results.
Here is the LLM Stock Analysis Prompt Template for Meridian Holdings, Inc. (MRDN):
Executive Summary
BULLISH/BEARISH: NEUTRAL (Confidence level 6/10)
Key drivers:
- Technical signals point to a neutral market with a slight upward bias.
- Recent news headlines suggest positive developments for the company.
Primary risks:
- Volatility remains moderate, but can quickly shift to higher levels if market conditions change.
- No earnings data available to provide insights into future performance.
Investment thesis: MRDN's neutral technical setup and positive news sentiment make it an attractive holding for those looking for a stable, mid-cap stock with potential upside. However, the lack of earnings data and moderate volatility pose some risks.
Recent news sentiment impact: The recent positive news headlines have contributed to the company's neutral-to-bullish technical setup.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - NEUTRAL, Medium-term (1-3 months) - BULLISH, Long-term (3-12 months) - BEARISH
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $11.00
- EMA 12: $10.63
- Lower: $8.72
Momentum Signals: RSI interpretation (overbought >70, oversold <30, neutral 30-70): NEUTRAL (52.95) MACD signal (bullish/bearish crossover): BULLISH Bollinger Bands position (squeeze, breakout, mean reversion): NEUTRAL
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 82995.55
- On-Balance Volume (OBV): 666881.60
- Volume Rate of Change: -75.02%
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles:
- Positive developments, including a new global brand ambassador and market certification in Colombia.
Sentiment Assessment: Aggregate news sentiment (positive/negative/neutral): POSITIVE
Catalyst Identification: Upcoming events, earnings, product launches, regulatory changes: No notable catalysts in the near term.
Market Narrative: How news aligns with or contradicts technical signals:
- Recent positive headlines support the company's neutral-to-bullish technical setup.
Risk & Volatility Assessment
Beta Interpretation: Risk relative to market (beta >1.2 = high risk, <0.8 = defensive): 0.88 - MODERATE RISK
Volatility Regime: Current vs historical volatility levels: Moderate volatility compared to historical averages.
Options Market Signals: IV rank, put/call ratios, unusual activity:
- No options data available for analysis.
Downside Protection: Support levels and risk management considerations:
- Lower price level: $8.72
- Risk management: Consider stop-loss levels around $9.50 or 7% below current price to protect against potential losses.
Market Context & Positioning
Sector Performance: Relative strength vs sector/market:
- No notable trends or changes in the sector or market that would significantly impact MRDN's performance.
Institutional Activity: Volume patterns suggesting institutional interest signals:
- Institutional interest: MIXED (both buying and selling)
Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- Correlation: 0.10 - MODERATELY NEGATIVE
Relative Valuation: Position within trading range:
- MRDN is currently trading near the middle of its recent trading range, suggesting a potentially stable position.
Key Levels & Action Items
Critical Price Levels: Support/resistance to monitor:
- Lower: $8.72
- SMA 20: $11.00
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper: $13.29
- EMA 12: $10.63
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- No notable catalysts in the near term.
Risk Management: Stop-loss levels and position sizing considerations:
- Consider stop-loss levels around $9.50 or 7% below current price to protect against potential losses.
- Monitor volume trends and institutional interest signals for signs of increased buying or selling pressure.
Generated
News
All MRDN news →
GlobeNewswire Inc.T3·3mo ago
GlobeNewswire Inc.T3·5mo ago
GlobeNewswire Inc.T3·5mo ago
Earnings History
1 of 1 under expected move
Avg Expected Move
37.24%
Avg Actual Move
1.32%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2026-07-29 | unknown | 37.24% | 1.32% | 0.04x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
MRDN Options Activity & IV Rank
MRDN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 110.9%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 18
Put Volume: 12
P/C Volume: 0.667
BULLISH
Call OI: 55
Put OI: 102
P/C OI: 1.855
Total OI: 157
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 30
Chain OI: 157
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 6 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 6 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)0.3LowNov 9
Straddle Price (30 DTE)$0.00Nov 9
Beta Analysis
Risk Metrics
Beta: 1.5877
Alpha: 44.55%
Correlation: 0.2310
R-Squared: 5.3%
Stock Volatility: 100.2%
Market Volatility: 14.6%
Analysis Details
Benchmark: SPY
Data Points: 175
Period: 252 trading days
Data Points: 175
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
MRDN Institutional Ownership (13F)
Filings for 2026-06-30 · 13 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 44,973,070 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
MRDN Insider Trading (Form 4)
Latest: 2026-06-24Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-24 | Luxor Capital LLC | Sell (S) | −24,150 | $13.92 | -$336.1K | EDGAR | |
| 2026-06-12 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −26,000 | $12.89 | -$335.3K | EDGAR |
| 2026-05-28 | Luxor Capital LLC | Sell (S) | −12,196 | $10.37 | -$126.4K | EDGAR | |
| 2026-05-06 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −10,000 | $12.75 | -$127.5K | EDGAR |
| 2026-04-23 | Luxor Capital LLC | Sell (S) | −8,883 | $6.62 | -$58.8K | EDGAR | |
| 2026-04-16 | Luxor Capital LLC | Sell (S) | −38,616 | $7.00 | -$270.3K | EDGAR | |
| 2026-04-08 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −1,254 | $6.97 | -$8.7K | EDGAR |
| 2026-04-01 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −6,437 | $7.85 | -$50.5K | EDGAR |
| 2026-03-25 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −19,500 | $9.02 | -$175.9K | EDGAR |
| 2026-03-18 | Anthony Brian Goodman | 10%+ Owner | Sell (S) | −7,506 | $9.47 | -$71.1K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
MRDN Insider Holdings
2 insiders · @ $8.20
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Anthony Brian Goodman | 10%+ Owner | 453,463 | $3.72M | -$769.1K | 6 | 2026-06-12 |
| 2 | Luxor Capital LLC | 438,463 | $3.60M | -$791.7K | 4 | 2026-06-24 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
MRDN Board & Officers
As of SEC filings through Oct 5, 2026Directors 5
- Murray George Smith · since Jul 27, 2020
- William Woods Scott · since Apr 9, 2024
- Snezana Bozovic · listed since Mar 2025
- Atul Bali · since Dec 18, 2025
- Michael Kenneth Prescott · since Jul 29, 2026
Officers 3
- Zoran Milosevic · CEO of Meridian Subsidiaries · since Apr 9, 2024
- Richard Christensen · CFO · since Mar 25, 2025
- Zhe Yan · Chief Accounting Officer · since Oct 2, 2026
10% owners 2
- Aleksandar Milovanovic · since Apr 9, 2024
- Anthony Brian Goodman · since Feb 22, 2016
Changes in the last 10 years (30)
| Oct 2, 2026 | Zhe Yan became Chief Accounting Officer |
| Jul 29, 2026 | Michael Kenneth Prescott became a director |
| Dec 18, 2025 | The company announced the departure of Thomas McChesney from the board in an SEC filing |
| Dec 18, 2025 | Atul Bali became a director |
| Dec 16, 2025 | Luxor Capital LLC no longer listed as a 10% owner in SEC filings |
| Nov 25, 2025 | The company announced the departure of Anthony Brian Goodman from the board in an SEC filing |
| Nov 25, 2025 | The company announced the departure of Anthony Brian Goodman as Chief Executive Officer in an SEC filing |
| Apr 11, 2025 | Zoran Milosevic no longer listed as a 10% owner in SEC filings |
| Mar 26, 2025 | Weiting Feng no longer listed as a director in SEC filings |
| Mar 26, 2025 | Snezana Bozovic first listed as a director in an SEC filing |
| Mar 25, 2025 | Richard Christensen became CFO |
| Apr 9, 2024 | Zoran Milosevic became a 10% owner |
| Apr 9, 2024 | Zoran Milosevic became CEO of Meridian Subsidiaries |
| Apr 9, 2024 | William Woods Scott became a director |
| Apr 9, 2024 | Aleksandar Milovanovic became a 10% owner |
| Apr 5, 2024 | The company announced the departure of Philip Moyes from the board in an SEC filing |
| Feb 6, 2024 | Luxor Capital LLC no longer listed as a director in SEC filings |
| Feb 6, 2024 | Luxor Capital LLC no longer listed as Chief Executive Officer in SEC filings |
| Dec 5, 2022 | Luxor Capital LLC first listed as a director in an SEC filing |
| Dec 5, 2022 | Luxor Capital LLC first listed as Chief Executive Officer in an SEC filing |
| Dec 3, 2022 | Philip Moyes became a director |
| Nov 14, 2022 | Aaron Richard Johnston reported in an SEC filing no longer being a director |
| Oct 5, 2021 | Weiting Feng no longer listed as a 10% owner in SEC filings |
| Oct 5, 2021 | Weiting Feng listed as Chief Operating Officer (previously CFO) in SEC filings |
| Apr 22, 2021 | Omar Jimenez became CFO & Chief Compliance Officer |
| Mar 19, 2021 | Luxor Capital LLC first on file as a 10% owner |
| Aug 23, 2020 | Aaron Richard Johnston became a director |
| Jul 27, 2020 | Murray George Smith became a director |
| Apr 27, 2020 | Thomas McChesney became a director |
| Jan 2, 2018 | Weiting Feng first listed as a 10% owner in an SEC filing |
Not reported recently (2)
- Weiting Feng · Last reported as Chief Operating Officer in an SEC filing dated Mar 26, 2025
- Omar Jimenez · Last reported as CFO & Chief Compliance Officer in an SEC filing dated Apr 28, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
MRDN Proposed Insider Sales (Form 144)
Latest: 2026-07-14
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-07-14 | Feng Weiting | Former Officer | 1,000 | $15.0K | 2026-07-14 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-23 | Luxor Capital LLC | 10% Stockholder | 5,500 | $75.5K | 2026-06-23 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-23 | Feng Weiting | Former Officer | 1,000 | $14.0K | 2026-06-23 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-22 | Luxor Capital LLC | 10% Stockholder | 3,650 | $50.2K | 2026-06-22 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-18 | Luxor Capital LLC | 10% Stockholder | 5,000 | $68.5K | 2026-06-18 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-16 | Luxor Capital LLC | 10% Stockholder | 5,000 | $70.2K | 2026-06-16 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-15 | Luxor Capital LLC | 10% Stockholder | 10,000 | $140.4K | 2026-06-15 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-12 | Luxor Capital LLC | 10% Stockholder | 10,000 | $126.8K | 2026-06-12 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-11 | Luxor Capital LLC | 10% Stockholder | 9,000 | $117.2K | 2026-06-11 | Oppenheimer & Co, Inc | — | EDGAR |
| 2026-06-11 | Luxor Capital LLC | 10% Stockholder | 1,000 | $13.0K | 2026-06-10 | Oppenheimer & Co, inc | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-10-02
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-07-29 | 0001477932-26-004577 | EDGAR |
ETF Holders
4 ETFs hold MRDN
4 shown · $496.20K total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $438,918 | — | 2026-09-30 |
| 2 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.00% | $57,262 | $1.2B | 2026-11-06 |
| 3 | URTY ProShares UltraPro Russell2000 | ProShares | 0.00% | $9 | — | 2026-11-06 |
| 4 | UWM ProShares Ultra Russell2000 | ProShares | 0.00% | $9 | — | 2026-11-06 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-7.39
TTM Revenue
$197.19M
TTM Net Income
$-81.66M
TTM Op. Cash Flow
$28.20M
Quarterly figures (1 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $50.19M | $2.17M | $0.17 | $7.80M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-29
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
7.20
P/S
1.87
EV/EBITDA
—
EV/Sales
1.78
ROE
-159.3%
ROA
-70.9%
Div Yield
0.18%
FCF Yield
7.65%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$368.78M
as of 2026-11-09
MRDN vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| MSFT Microsoft Corp | $3.94T | 28.5 | +17.9% | +15.3% | 10 |
| PLTR Palantir Technologies Inc. Class A Commo | $386.4B | 118.3 | +87.1% | +0.8% | 26 |
| ORCL Oracle Corp | $362.0B | 20.5 | +17.4% | −38.8% | 50 |
| SAP SAP SE | $269.4B | — | — | +0.2% | 4 |
| CRWD CrowdStrike Holdings, Inc. Class A Commo | $222.1B | 3809.7 | +24.3% | +101.6% | 75 |
| SHOP Shopify Inc. Class A subordinate voting | $191.6B | 92.7 | +32.5% | −3.3% | 28 |
| CRM Salesforce, Inc. | $175.8B | 19.6 | +11.2% | −15.3% | 89 |
| NOW SERVICENOW, INC. | $105.8B | 73.9 | +21.8% | −30.3% | 0 |
| MRDN Meridian Holdings Inc. Common Stock | $110M | — | — | +11.1% | 0 |
| Peer median | $245.8B | 73.9 | +21.8% | −1.5% | 27 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
137.18K
SI % of Float
4.90%
Days to Cover
3.88
Short Vol Ratio
45.1%
Free Float
2.80M
Float %
22.1%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-28