At the time of writing, MeridianLink Inc [MLNK] stock is trading at $20.58, up 1.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MLNK shares have gain 1.73% over the last week, with a monthly amount drifted -14.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MeridianLink Inc [NYSE: MLNK] stock has seen the most recent analyst activity on February 08, 2024, when Wolfe Research upgraded its rating to a Peer Perform. Previously, UBS started tracking the stock with Sell rating on October 20, 2023, and set its price target to $17. BTIG Research downgraded its rating to a Neutral. Wolfe Research downgraded its rating to a Underperform but $14 remained the price target by the analyst firm on April 20, 2023. Barclays downgraded its rating to Underweight for this stock on January 11, 2023, and downed its price target to $14. In a note dated July 20, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of MeridianLink Inc fluctuated between $14.89 and $25.88. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. MeridianLink Inc [NYSE: MLNK] shares were valued at $20.58 at the most recent close of the market. An investor can expect a potential drop of -2.82% based on the average MLNK price forecast.
Analyzing the MLNK fundamentals
According to MeridianLink Inc [NYSE:MLNK], the company’s sales were 307.56M for trailing twelve months, which represents an 4.32% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.18 points at the first support level, and at 19.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.88, and for the 2nd resistance point, it is at 21.19.
Ratios To Look Out For
It is important to note that MeridianLink Inc [NYSE:MLNK] has a current ratio of 1.98. In addition, the Quick Ratio stands at 1.98 and the Cash Ratio stands at 1.35. Considering the valuation of this stock, the price to sales ratio is 5.03, the price to book ratio is 3.55.
Transactions by insiders
Recent insider trading involved THOMA BRAVO UGP, LLC, 10% Owner, that happened on Sep 30 ’24 when 6.0 million shares were sold. Officer, Maloof Chris completed a deal on Sep 20 ’24 to buy 67751.0 shares. Meanwhile, 10% Owner Nguyen Timothy sold 21958.0 shares on Sep 16 ’24.
