Medallion Financial Corp. (NASDAQ:MFIN) shares traded lower over the last trading session, losing -6.69% on 06/30/20. The shares fell to a low of $2.63 before closing at $2.65. Intraday shares traded counted 0.17 million, which was 34.26% higher than its 30-day average trading volume of 254.67K. MFIN’s previous close was $2.84 while the outstanding shares total 24.40M. The firm has a beta of 2.42. The stock’s Relative Strength Index (RSI) is 51.28, with weekly volatility at 11.38% and ATR at 0.32. The MFIN stock’s 52-week price range has touched low of $1.29 and a $7.40 high.
Investors have identified the Credit Services company Medallion Financial Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $60.21 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Medallion Financial Corp. (MFIN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Medallion Financial Corp. recorded a total of 35.54 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 15.47% coming in sequential stages and their sales for the third quarter reducing by -0.91%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 9.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 26.54 million. This allows shareholders to hold on to 24.40M with the revenue now reading -0.53 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.12 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MFIN sounds very interesting.
Is the stock of MFIN attractive?
In related news, CEO/President, Medallion Bank, Poulton Donald S. bought 2,200 shares of the company’s stock in a transaction that recorded on Aug 12. The purchase was performed at an average price of 4.58, for a total value of 10,069. As the purchase deal closes, the Director, RUDNICK DAVID L now bought 5,000 shares of the company’s stock, valued at 23,769. Also, Chairman & CEO, MURSTEIN ALVIN bought 10,000 shares of the company’s stock in a deal that was recorded on Aug 08. The shares were cost at an average price of 4.74 per share, with a total market value of 47,400. Following this completion of disposal, the Director, AARON HENRY L now holds 10,000 shares of the company’s stock, valued at 47,228. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.90%.