Meridianlink Stock Price on October 1, 2024
| MLNK Stock | USD 22.85 0.42 1.87% |
If you're considering investing in Meridianlink Stock, it is important to understand the factors that can impact its price. As of today, the current price of Meridianlink stands at 22.85, as last reported on the 22nd of November, with the highest price reaching 22.85 and the lowest price hitting 22.19 during the day. Meridianlink has Sharpe Ratio of -0.0096, which conveys that the firm had a -0.0096% return per unit of risk over the last 3 months. Meridianlink exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meridianlink's Mean Deviation of 1.62, downside deviation of 2.45, and Risk Adjusted Performance of 0.0203 to check out the risk estimate we provide.
Common Stock Shares Outstanding is expected to rise to about 88.9 M this year, although the value of Total Stockholder Equity will most likely fall to about 355.1 M. . At this time, Meridianlink's Price To Book Ratio is quite stable compared to the past year. Price Cash Flow Ratio is expected to rise to 30.75 this year, although the value of Price Earnings Ratio is projected to rise to (44.45). Meridianlink Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Meridianlink |
Sharpe Ratio = -0.0096
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| Negative Returns | MLNK |
Estimated Market Risk
| 2.23 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Meridianlink is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Meridianlink by adding Meridianlink to a well-diversified portfolio.
Price Book 4.0496 | Enterprise Value Ebitda 27.7151 | Price Sales 5.4393 | Shares Float 26.8 M | Wall Street Target Price 24.5833 |
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Meridianlink Valuation on October 1, 2024
It is possible to determine the worth of Meridianlink on a given historical date. On October 1, 2024 Meridianlink was worth 20.35 at the beginning of the trading date compared to the closed value of 20.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Meridianlink stock. Still, in general, we apply an absolute valuation method to find Meridianlink's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Meridianlink where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Meridianlink's related companies.
| Open | High | Low | Close | Volume | |
| 20.96 | 21.16 | 20.43 | 20.57 | 521,673 | |
10/01/2024 | 20.35 | 20.43 | 19.72 | 20.23 | 835,515 |
| 20.00 | 20.48 | 19.84 | 20.39 | 360,380 |
| Backtest Meridianlink | | | Meridianlink History | | | Meridianlink Valuation | Previous | Next |
Meridianlink Trading Date Momentum on October 1, 2024
| On October 02 2024 Meridianlink was traded for 20.39 at the closing time. The top price for the day was 20.48 and the lowest listed price was 19.84 . The trading volume for the day was 360.4 K. The trading history from October 2, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 0.79% . The trading delta at closing time against the current closing price is 1.04% . |
Meridianlink Fundamentals Correlations and Trends
By evaluating Meridianlink's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Meridianlink's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Meridianlink financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Meridianlink Stock history
Meridianlink investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Meridianlink is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Meridianlink will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Meridianlink stock prices may prove useful in developing a viable investing in Meridianlink
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 80.3 M | 88.9 M | |
| Net Income Applicable To Common Shares | 1.5 M | 1.6 M |
Meridianlink Stock Technical Analysis
Meridianlink technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Meridianlink Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Meridianlink cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Meridianlink November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Meridianlink stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Meridianlink shares will generate the highest return on investment. By undertsting and applying Meridianlink stock market strength indicators, traders can identify Meridianlink entry and exit signals to maximize returns
Meridianlink Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Meridianlink's price direction in advance. Along with the technical and fundamental analysis of Meridianlink Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Meridianlink to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0298 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridianlink. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Meridianlink Stock please use our How to buy in Meridianlink Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meridianlink. If investors know Meridianlink will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meridianlink listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 4.042 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0098 | Return On Equity (0.11) |
The market value of Meridianlink is measured differently than its book value, which is the value of Meridianlink that is recorded on the company's balance sheet. Investors also form their own opinion of Meridianlink's value that differs from its market value or its book value, called intrinsic value, which is Meridianlink's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meridianlink's market value can be influenced by many factors that don't directly affect Meridianlink's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meridianlink's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meridianlink is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meridianlink's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.