TickerTalks
Browse all tickers →
TickerTalks›$MRDN
MRMRDN

Meridian Holdings Inc.

$MRDN·$182M·Gambling, Resorts & Casinos·Consumer Cyclical
$13.94-0.4%YTD+47.3%1Y-7.1%
Mentions · last 7 days
2026-08-20: 7 posts2026-08-21: 8 posts2026-08-22: 5 posts2026-08-23: 6 posts36+3%
Price updated 1d ago·X counts updated 6d ago
MRMRDN
$MRDNMeridian Holdings Inc.
$13.94-0.43%36 posts+3%
AI analysisFundamentalsVoices on X
Loading…

AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $MRDN, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-29

The move is getting stronger, with heavier trading behind it.

Small-cap sportsbook/gaming with +17% Q1 growth and forward P/E under 12x if FY27 estimates land; ticker-collision leaves the equity crowd-signal blank.

Meridian Holdings is a $180M micro-cap online-gambling/sportsbook/gaming operator (Meridianbet brand, UFC Fight Night Belgrade sponsorship, subsidiary Expanse Studios) up +47% YTD to $13.94 — 79% of its 52w range on a 2.1M-share micro-float and 1.44 beta.

  • Q1 revenue $50.1M (+17% YoY), gross margin 56%, op-margin 6.3%, EPS $0.18 vs $0.17 — cleanly profitable at the operating line despite the -$7.09 Q4 2025 acquisition-charge-driven EPS blowout that still weighs on TTM metrics.
  • Analyst path FY26 EPS $0.64 → FY27 $1.17 (~82% growth) implies market pricing at ~22x FY26, ~12x FY27 — reasonable if the "earnings engine" narrative resolves against the M&A noise.
  • 13D/A from Anthony Goodman + Luxor Capital suggests continued major-holder positioning; new director Michael Prescott (Form 3, zero shares initial) is a governance addition without a read-through.
  • Structural: micro-float + volume multiplier 1.38x + 35% above 200d = classic small-cap breakout being sustained rather than distributed.
  • Sentiment: the $MRDN cashtag on X refers to Meridian on the x402 AI-agent-payments crypto track, not the gambling equity — top-gainer status among x402 coins on Base, inference-router integration, Kleros call. Equity has no discernible X thread in this window.

Read as a profitable small-cap sportsbook/gaming operator where earnings-engine credibility is the multiple-expansion trigger; the debated question is whether Q3 delivers on the acquisition-integration case before the momentum-driven premium fades.

What to watch: Q3 organic gross-gaming-revenue growth vs acquisition contribution and content-distribution/UFC-sponsorship traction.

On the calendar: 2026-10-29 Q3 earnings

sentiment ticker collision

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Neutral sentiment5 posts analyzed · as of 2026-08-26

The $MRDN cashtag refers to Meridian on the x402 AI-agent-payments track, not any equity. Posts discuss the coming inference-router integration, a scheduled call with Kleros, an Antseed pull-request merge, and top-gainer status among x402 coins on Base. There is no equity thread in this window, so no market posture can be extracted.

Read the AI verdict + X sentiment for $MRDN

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
Free, forever. No credit card.

What it does

Plain-English summary of the business — what they sell and how they make money.

Operates online casino, sportsbook, and competition gaming platforms under regulated gambling frameworks.

Industry overviewAI analysisGenerated by AI from underlying data

Where Gambling, Resorts & Casinos sits in its cycle right now — and what that implies for $MRDN.

Gambling, Resorts & Casinos · Consumer Cyclical

No material change from last week — DraftKings' super app pivot and World Cup gambling activity signal OSB market maturation.

What this means for $MRDN

Partial — Operates online casino, sportsbook, and competition gaming platforms under regulated gambling frameworks; partial earnings exposure to gambling, resorts & casinos demand dynamics through its product portfolio.

Top industry ETF

$BJKVanEck Gaming ETF
-6.5%YTD
-4.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-1.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-128%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-48.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
7.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.8Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-103%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
56.5%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 29, 2026$0.17$0.17-1.4%
Q1 2026Apr 28, 2026$0.18$-0.04+550.0%
Q4 2025Mar 31, 2026$-7.09$0.04-17825.0%
Q3 2025Oct 30, 2025$0.05$-0.04+221.5%
Next earningsThu, Oct 29·consensus EPS $0.14

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$50.1M+17.3%56.2%6.3%$0.18$3.8M
Q4 FY25$49.6M+8.1%57.5%-189%$-6.85$7.2M
Q3 FY25$47.3M+15.4%55.8%-0.5%$0.05$3.9M
Q2 FY25$43.2M+9.7%56.4%-5.3%$-0.31$-3.7M

Forward consensus

4-year forecast · up to 2 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$209.8M$209.0M – $210.5M$0.64$0.64 – $0.651
FY27$239.2M$236.6M – $241.8M$1.17$0.88 – $1.442
FY28$255.2M$254.2M – $256.2M$1.67$1.66 – $1.681
FY29$312.1M$310.9M – $313.3M$2.28$2.27 – $2.291

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.79%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+2.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+35.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatTiny float · 2.1M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.445-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 23Goodman Anthony BrianCEO5.5K sh$76KSellJun 22Goodman Anthony BrianCEO3.6K sh$50KSellJun 18Goodman Anthony BrianCEO5.0K sh$69KSellJun 16Goodman Anthony BrianCEO5.0K sh$70KSellJun 15Goodman Anthony BrianCEO5.0K sh$72KSellJun 12Goodman Anthony BrianCEO10.0K sh$127KSellJun 11Goodman Anthony BrianCEO9.0K sh$117KSellJun 10Goodman Anthony BrianCEO7.0K sh$91KSellMay 22Goodman Anthony BrianCEO12.2K sh$126KSellMay 4Goodman Anthony BrianCEO10.0K sh$128K
1–10 of 33
+ 3 other (3 exempts) in window

See when $MRDN insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsAug 193
AI summary

Michael K. Prescott was appointed as a Board Director of Meridian Holdings Inc. (MRDN) on July 29, 2026, and filed an initial Form 3 disclosing zero shares of common stock beneficially owned. This is a routine Form 3 for a newly appointed director with no current personal equity position and no financial impact on the company.

SC 13D/AActivist amendmentAug 14SC 13D/A
AI summary

Anthony Brian Goodman (Australia) and affiliated Luxor Capital, LLC filed Amendment No. 10 to their Schedule 13D on Meridian Holdings Inc. (NV), with a triggering event date of July 10, 2026. Goodman beneficially owns 943,734 shares representing 7.45% of the 12,669,479 shares outstanding as of July 29, 2026; Luxor holds 290,873 shares (2.22%). The specific trigger for this amendment is not described in the excerpt. Active insider presence in a small Nevada company; combined group influence exceeds 9.5%.

8-KAgreement terminatedJul 298-K — Item 1.02: Agreement terminated · Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

MRDN (MRDN) disclosed termination or satisfaction of a material agreement (Item 1.02, filed 2026-07-29). The information set forth in Item 5.02 below relating to the termination of Mr. Christensen’s employment with the Company is incorporated into this Termination may signal deleveraging (satisfied obligation) or loss of key contract. Investors should assess whether this is accretive or disruptive to operations.

SC 13D/AActivist amendmentJun 18SC 13D/A
AI summary

Anthony Brian Goodman (Australian national) and affiliated entity Luxor Capital, LLC filed Amendment No. 9 to their Schedule 13D for Meridian Holdings Inc./NV, with a triggering event dated November 24, 2025. Goodman beneficially owns 1,262,136 shares (9.96%) of Meridian's 12,669,479 outstanding shares — 808,673 with sole voting/dispositive power and 453,463 shared with Luxor Capital (3.58% separately). This is the ninth amendment to a 13D originally filed March 2021; Goodman is believed to be the company's controlling insider rather than an external activist. Amendment updates the filing record with no apparent change in stated intent per the available excerpt.

8-KCharter amendmentMar 38-K — Item 3.03 · Item 5.03: Charter amendment · Item 8.01: Other event
+ 8 other (3 earnings 8-Ks · 2 10-Qs · 2 10-Ks · 1 routine 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Meridian Holdings: The Market Still Sees The Acquisition, Not The Earnings Engineseekingalpha.com·25d agoMeridian Q2 Earnings Call Highlightsmarketbeat.com·32d agoUFC Names Meridian Holdings Official Sponsor of Fight Night Belgradeglobenewswire.com·43d agoUFC Names Meridianbet Official Partner of Fight Night Belgradeglobenewswire.com·44d agoMeridian Holdings Subsidiary Expanse Studios Signs Content Distribution Agreement with Flutter Subsidiary MaxBet for Serbian Marketglobenewswire.com·89d ago

More in Gambling, Resorts & Casinos

Peers in the same group — one click to compare setups, fundamentals, and chatter.

$DKNG$WYNN$CZR$MGM$FLUT$PENN$RSI$LVS
Voices on X · top 1 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

PrivacyTermsSupport