MLNK Stock Summary and Trading Ideas (Meridianlink | NYSE:MLNK)

MeridianLink Inc is a cloud-based software solution for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. It generates maximum revenue from Lending Software Solutions.

Meridianlink trades on the NYSE stock market under the symbol MLNK.

As of April 23, 2024, MLNK stock price climbed to $18.00 with 223,537 million shares trading.

MLNK has a beta of 1.56, meaning it tends to be more sensitive to market movements. MLNK has a correlation of 0.20 to the broad based SPY ETF.

MLNK has a market cap of $1.37 billion. This is considered a Small Cap stock.

Last quarter Meridianlink reported $75 million in Revenue and -$.29 earnings per share. This fell short of revenue expectation by $-281,000 and missed earnings estimates by -$.16.

The top ETF exchange traded funds that MLNK belongs to (by Net Assets): VTI, VB, IWM, VGT, VBK.

MLNK has underperformed the market in the last year with a return of +17.9%, while the SPY ETF gained +24.3%. In the last 3 month period, MLNK fell short of the market, returning -23.1%, while SPY returned +4.9%. However, in the most recent 2 weeks MLNK has outperformed the stock market by returning -2.4%, while SPY returned -2.5%.

MLNK support price is $17.36 and resistance is $18.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MLNK stock will trade within this expected range on the day.