Wednesday, July 15, 2020

MDC Partners Inc. [MDCA] is -26.26% lower this YTD as it forms committee for business dealings with Stagwell

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MDC Partners Inc. [NASDAQ: MDCA] surged by $0.9 during the normal trading session on Friday and reaching a high of $2.88 during the day while it closed the day at $2.05. On June 26, MDC Partners announced the company has formed a special committee consisting of independent directors for the business partnership with Stagwell. The committee will look over the initial, non-binding proposal made by Stagwell Media LP based on the partnership of both the firms (the ‘Potential Transaction’). The special committee is yet to conclude the possible advisability of the Potential Transaction.

The designated committee plans to reach out to the legal counsel and an independent financial advisor for the help in reviewing the proposal and evaluating the Potential Transaction. MDC Partners Lead Independent Director, Irwin Simon said that the committee will make sure that it acts in accordance with the best interests of shareholders and the company. 

MDC Partners Inc. stock has also gained 61.42% of its value over the past 7 days. However, MDCA stock has inclined by 50.74% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.85% and lost -26.26% year-on date.

The market cap for MDCA stock reached $85.69 million, with 72.40 million shares outstanding and 69.11 million shares in the current float. Compared to the average trading volume of 258.16K shares, MDCA reached a trading volume of 37065615 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about MDC Partners Inc. [MDCA]:

Wells Fargo has made an estimate for MDC Partners Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 12, 2018. While these analysts kept the previous recommendation, Wedbush raised their target price from $8 to $9. The new note on the price target was released on February 17, 2017, representing the official price target for MDC Partners Inc. stock. Previously, the target price had yet another raise from $4 to $12, while Jefferies kept a Buy rating on MDCA stock.

The Average True Range (ATR) for MDC Partners Inc. is set at 0.25, with the Price to Sales ratio for MDCA stock in the period of the last 12 months amounting to 0.06. Price to Free Cash Flow for MDCA in the course of the last twelve months was 0.64 with a Quick ratio for the last quarter at 1.00.

MDCA stock trade performance evaluation

MDC Partners Inc. [MDCA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 61.42. With this latest performance, MDCA shares gained by 50.74% in over the last four-week period, additionally sinking by -20.85% over the last 6 months – not to mention a drop of -18.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDCA stock in for the last two-week period is set at 70.20, with the RSI for the last a single of trading hit 77.06, and the three-weeks RSI is set at 65.82 for MDC Partners Inc. [MDCA]. The present Moving Average for the last 50 days of trading for this stock 1.34, while it was recorded at 1.37 for the last single week of trading, and 2.12 for the last 200 days.

MDC Partners Inc. [MDCA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MDC Partners Inc. [MDCA] shares currently have an operating margin of +6.60 and a Gross Margin at +29.41. MDC Partners Inc.’s Net Margin is presently recorded at -0.33.

Return on Total Capital for MDCA is now 10.55, given the latest momentum, and Return on Invested Capital for the company is -0.61. Additionally, MDCA Total Debt to Total Capital is recorded at 123.47, with Total Debt to Total Assets ending up at 62.81.

Reflecting on the efficiency of the workforce at the company, MDC Partners Inc. [MDCA] managed to generate an average of -$831 per employee. Receivables Turnover for the company is 3.07 with a Total Asset Turnover recorded at a value of 0.82.MDC Partners Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for MDC Partners Inc. [MDCA] stock

With the latest financial reports released by the company, MDC Partners Inc. posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -71.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MDCA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MDC Partners Inc. go to 6.00%.

MDC Partners Inc. [MDCA]: Insider Ownership positions

There are presently around $101 million, or 89.00% of MDCA stock, in the hands of institutional investors. The top three institutional holders of MDCA stocks are HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 8,778,656, which is approximately -2.051% of the company’s market cap and around 2.00% of the total institutional ownership; INDABA CAPITAL MANAGEMENT, L.P., holding 7,181,301 shares of the stock with an approximate value of $14.72 million in MDCA stocks shares; and SCHRODER INVESTMENT MANAGEMENT GROUP, currently with $6.99 million in MDCA stock with ownership of nearly 0.249% of the company’s market capitalization.

Positions in MDC Partners Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 28 institutional holders increased their position in MDC Partners Inc. [NASDAQ: MDCA] by around 1,521,619 shares. Additionally, 32 investors decreased positions by around 1,713,523 shares, while 16 investors held positions by 46,224,437 shares. The mentioned changes placed institutional holdings at 49,459,579 shares, according to the latest SEC report filing. MDCA stock had 4 new institutional investments in for a total of 82,203 shares, while 7 institutional investors sold positions of 229,723 shares during the same period.

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