Meridian Holdings Inc. (MRDN)Consumer Cyclical | Gambling | Las Vegas, United States | NasdaqCM
13.94 USD
-0.06
(-0.429%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 13.94 |
Hot Take ↕ | Aug. 22, 2026, 5:23 a.m. EDT
The investment case for Meridian Holdings is severely compromised by a brutal multi-year price trajectory. Despite recent headlines celebrating a turnaround in Q2 revenue and profits, the stock has lost nearly 97% of its value over the last nine years, with four consecutive years of negative annual returns ending recently. This persistent decline suggests the market views the current profitability as insufficient to reverse the structural damage or that the new management team faces an uphill battle against deep-seated issues. Fundamentally, the company is in distress: it is losing money overall (-41% profit margins), has negative equity returns, and carries a debt load that exceeds its book value. The balance sheet is fragile, with a current ratio well below 1.0, indicating potential liquidity strain. While the price-to-sales ratio looks cheap, it reflects the reality of a struggling business rather than a bargain opportunity. With no dividend to provide income and a statistical forecasting model offering virtually no confidence in a short-term rebound, the risk-reward profile remains skewed heavily toward further downside. Investors should wait for concrete proof that the turnaround is sustainable before considering a position. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.052161 |
| MSTL | 0.094694 |
| AutoETS | 0.100808 |
| AutoARIMA | 0.149234 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 28% |
| H-stat | 0.07 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 2.38 |
| Attribute | Value |
|---|---|
| Sector | Consumer Cyclical |
| Debt to Equity Ratio | 31.935 |
| Revenue per Share | 16.037 |
| Market Cap | 176,374,688 |
| Beta | 1.44 |
| Profit Margins | -41.41% |
| Previous Name | MeridianBet Group |
| Website | https://meridian-holdings.com |
As of Aug. 22, 2026, 5:23 a.m. EDT: Options activity is extremely sparse with negligible open interest across all expirations. The few contracts present show mixed positioning: some out-of-the-money calls at $22.50 suggest a speculative upside hope, while a fresh volume of put buying at the $12.50 strike indicates a specific fear of downside support failure. However, the lack of meaningful liquidity or concentrated flow prevents a clear directional signal from the derivatives market.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.16985571 |
| Address1 | 3,651 Lindell Road |
| Address2 | Suite D555 |
| All Time High | 1,644,299,940,000.0 |
| All Time Low | 1.8 |
| Ask | 14.18 |
| Ask Size | 1 |
| Audit Risk | 9 |
| Average Daily Volume10 Day | 78,280 |
| Average Daily Volume3 Month | 72,182 |
| Average Volume | 72,182 |
| Average Volume10Days | 78,280 |
| Beta | 1.444 |
| Bid | 13.2 |
| Bid Size | 1 |
| Board Risk | 10 |
| Book Value | 3.932 |
| City | Las Vegas |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 13.94 |
| Current Ratio | 0.586 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 14.185 |
| Day Low | 13.33 |
| Debt To Equity | 31.935 |
| Display Name | Meridian |
| Earnings Call Timestamp End | 1,785,355,200 |
| Earnings Call Timestamp Start | 1,785,355,200 |
| Earnings Timestamp | 1,785,328,200 |
| Earnings Timestamp End | 1,793,277,000 |
| Earnings Timestamp Start | 1,793,277,000 |
| Ebitda | 16,587,910 |
| Ebitda Margins | 0.08412 |
| Enterprise To Ebitda | 10.644 |
| Enterprise To Revenue | 0.895 |
| Enterprise Value | 176,569,216 |
| Eps Trailing Twelve Months | -7.03 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 13.6503 |
| Fifty Day Average Change | 0.28969955 |
| Fifty Day Average Change Percent | 0.021222943 |
| Fifty Two Week Change Percent | 16.98557 |
| Fifty Two Week High | 16.09 |
| Fifty Two Week High Change | -2.1500006 |
| Fifty Two Week High Change Percent | -0.1336234 |
| Fifty Two Week Low | 5.796 |
| Fifty Two Week Low Change | 8.143999 |
| Fifty Two Week Low Change Percent | 1.4051068 |
| Fifty Two Week Range | 5.796 - 16.09 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,256,909,400,000 |
| Float Shares | 2,499,485 |
| Free Cashflow | 5,571,147 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 1,200 |
| Fullday Change | -0.0600004 |
| Fullday Change Percent | -0.428574 |
| Fullday Price | 13.94 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.55724 |
| Gross Profits | 109,882,896 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.79957 |
| Held Percent Institutions | 0.05258 |
| Implied Shares Outstanding | 12,652,417 |
| Industry | Gambling |
| Industry Disp | Gambling |
| Industry Key | gambling |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,772,496,000 |
| Last Split Factor | 1:12 |
| Long Business Summary | Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Classics For A Cause, and GMAG. Meridian Holdings Inc. is based in Las Vegas, Nevada. |
| Long Name | Meridian Holdings Inc. |
| Market | us_market |
| Market Cap | 176,374,688 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1821719827 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | -81,656,048 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 178,019,507 |
| Number Of Analyst Opinions | 3 |
| Open | 14.04 |
| Operating Cashflow | 28,195,736 |
| Operating Margins | 0.04861 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 702 318 7548 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 13.94 |
| Post Market Time | 1,787,959,805 |
| Prev Name | MeridianBet Group |
| Previous Close | 14.0 |
| Price Hint | 2 |
| Price To Book | 3.5452695 |
| Price To Sales Trailing12 Months | 0.89442754 |
| Profit Margins | -0.41409 |
| Quick Ratio | 0.489 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.0600004 |
| Regular Market Change Percent | -0.428574 |
| Regular Market Day High | 14.185 |
| Regular Market Day Low | 13.33 |
| Regular Market Day Range | 13.33 - 14.185 |
| Regular Market Open | 14.04 |
| Regular Market Previous Close | 14.0 |
| Regular Market Price | 13.94 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 106,364 |
| Return On Assets | 0.014049999 |
| Return On Equity | -0.95175004 |
| Revenue Growth | 0.161 |
| Revenue Per Share | 16.037 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Consumer Cyclical |
| Sector Disp | Consumer Cyclical |
| Sector Key | consumer-cyclical |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 12,652,417 |
| Shares Percent Shares Out | 0.0055 |
| Shares Short | 70,084 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 51,939 |
| Short Name | Meridian Holdings Inc. |
| Short Percent Of Float | 0.0327 |
| Short Ratio | 0.91 |
| Source Interval | 15 |
| State | NV |
| Symbol | MRDN |
| Target High Price | 26.0 |
| Target Low Price | 16.2 |
| Target Mean Price | 19.73333 |
| Target Median Price | 17.0 |
| Total Cash | 17,667,846 |
| Total Cash Per Share | 1.396 |
| Total Debt | 16,364,882 |
| Total Revenue | 197,192,816 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -7.03 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 10.298715 |
| Two Hundred Day Average Change | 3.641285 |
| Two Hundred Day Average Change Percent | 0.35356694 |
| Type Disp | Equity |
| Volume | 106,364 |
| Website | https://meridian-holdings.com |
| Zip | 89,103 |