Meridian Holdings Inc.
MRDNConsumer CyclicalNASDAQGambling · Last scanned Oct 24, 2026
Scan Results
Daily timeframeMeridian 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. At a $131.3M market cap, Meridian Holdings Inc. ranks as a micro-cap company within consumer cyclical. 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.
Market Cap
$131.3M
Beta
1.57
P/E (TTM)
—
P/E (Fwd)
—
EPS (TTM)
$-7.24
EPS (Fwd)
—
ROE
-95.2%
ROA
1.4%
Cash
$17.7M
Total Debt
$16.4M
Free CF
$5.6M
52W Change
-16.3%
Annual Financials
Cash vs Debt
Where MRDN stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, MRDN finished 4.36% below its 150-day moving average ($11.70) and 3.80% above its 200-day moving average ($10.78). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is MRDN overbought or oversold?
At the October 20, 2026 close, MRDN's RSI(14) was 39.9, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The balance sheet looks solid with $17.7M in cash comfortably exceeding the $16.4M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $5.6M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -95.2%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $44.2M (2023) to $182.9M (2025), reflecting a 314% increase over the period.
Meridian Holdings Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Meridian Holdings Inc. and its sector.