MRDN — Meridian Holdings Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Meridian Holdings Inc

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$10.90
Market Cap$137M
Float2.1M
Shares Outstanding12.7M
P/E (Forward)40.65
Price/Sales (TTM)0.72
Profit Margin-45.94%
Operating Margin (TTM)6.30%
Revenue (TTM)$190M
Dividend RateNone

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $5.2M $398,080 $3.2M $400,936
2021 $60.4M $12.9M $45.8M $18.2M
2022 $36.0M $44,028 $9.2M $609,117
2023 $44.2M -$1.2M $9.9M $4,270
2024 $151M -$1.5M $88.6M $15.5M
2025 $183M -$89.9M $103M -$77.5M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $43.2M -$3.6M
Sep 2025 $47.3M $566,014
Dec 2025 $49.6M -$86.6M
Mar 2026 $50.1M $2.3M

Ownership & Float

Insider Ownership82.9%
Institutional Ownership3.9%
Short Float6.7%
% of All Funds Holding0.49%
Number of Funds Holding40

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$8.76Near-term / short-term trend
Weekly40-Week SMA$10.16Medium-term trend
Weekly80-Week SMA$16.68Cyclical trend (business cycle)
Weekly200-Week SMA$27.23Secular trend (multi-year)
Monthly10-Month SMA$10.27Near-term monthly trend
Monthly20-Month SMA$16.85Medium-term monthly trend
Monthly40-Month SMA$25.22Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$7.40 support 1.38x 0 months ago
$17.60 resistance 1.72x 8 months ago
$72.00 resistance 3.51x 22 months ago

Historical Earnings Reactions (63 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.24% 0.00% 30.16% 50.00% -28.57%
1 Day -1.44% 0.00% 22.22% 50.00% -57.14%
1 Week -4.18% 0.00% 15.87% 100.00% -85.71%
2 Weeks -2.95% 0.00% 31.75% 100.00% -79.17%
1 Month -1.06% 0.00% 24.19% 200.00% -94.00%

Next earnings: May 14, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan-0.6%29.4%17
Feb-2.7%29.4%17
Mar11.9%47.1%17
Apr-1.4%29.4%17
May7.4%25.0%16
Jun-12.7%25.0%16
Jul-5.6%12.5%16
Aug1.3%25.0%16
Sep-8.2%18.8%16
Oct10.0%31.3%16
Nov2.2%23.5%17
Dec-14.2%11.8%17

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.60% 22.2% 779
Tuesday 5.03% 25.8% 855
Wednesday 0.99% 24.6% 852
Thursday 1.13% 28.6% 836
Friday 6.58% 28.3% 833

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 3.9%

Insider Transactions — Smart Summary

Total insider ownership: 82.9%

12-Month Insider Activity Summary

Total Filings8
Net Value+N/A
Net Shares Change-114,196
% of Float-5.3%
C-Suite Filings0
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Goodman Anthony Brian -$903,012.148 8 8 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-04-30 Goodman Anthony Brian -$140,100.4 Transaction at $6.37, now +71.2%
2026-05-06 Goodman Anthony Brian -$127,500 Transaction at $12.75, now -14.5%
2026-04-23 Goodman Anthony Brian -$58,792.136 Transaction at $6.62, now +64.7%
2026-04-16 Goodman Anthony Brian -$270,300.415 Transaction at $7.00, now +55.7%
2026-03-25 Goodman Anthony Brian -$175,944.6 Transaction at $9.02, now +20.8%
2026-04-08 Goodman Anthony Brian -$8,739.377 Transaction at $6.97, now +56.4%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Meridian Holdings Inc (MRDN) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for MRDN on Trend Edge →