Meridian Holdings Inc. (MRDN) carries a Roarable Rating of D (Sell) with 44/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, Meridian Holdings Inc. (NASDAQ: MRDN) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $9.77 (-2.64% 1D, market cap $127.2M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 9/20. Across 714 tracked Technology issuers, MRDN ranks #462 in composite RQD confidence.
Within the Technology sector (Computer Software: Prepackaged Software), MRDN carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of 56.6%, and ROIC of -35.0%. By comparison, GCL (GCL Global Holdings Ltd) holds a D grade (45/100 RQD, P/E N/A, ROIC —, cap $115.2M) and SSTI (SoundThinking Inc.) posts a D- grade (43/100 RQD, P/E N/A, ROIC -12.2%, cap $110.8M). Among the 5-stock peer group, EGAN leads on earnings multiple (4.7x) while EGAN leads on capital efficiency (46.7% ROIC).
Per MRDN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001437925), Meridian Holdings Inc. generated $182.9M in revenue (+21.0% YoY), -$92.0M in net income, and $19.2M in free cash flow against $118.1M in total assets and $6.6M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
FRED Regime × Technicals: 39% of 52W Range • RSI-14 at 27.9 (OVERSOLD (<32))
SEC Form 4 / 13F Thermometer: 45% Net Buy • Disciplined Float (-0.40% YoY Shares)
Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)
While MRDN currently carries a cautious 44/100 (D) rating due to Whale & Options Positioning (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Technology with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($12.39) and Max Pain ($10.26) forces dealer call-delta covering toward $16.89.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Meridian Holdings Inc. (MRDN) dropped -2.64% to $9.77, trading at 39% of its 52-week range ($5.8 – $16.09). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
LAS VEGAS, NV - October 30, 2026 (NEWMEDIAWIRE) - Meridian Holdings Inc. (NASDAQ: MRDN) ("Meridian Holdings" or the "Company"), a global operator and licensor of online and retail sports betting, gaming, casino and prize
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +21.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on MRDN today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for MRDN. Explore sector supply chains on /butterfly.
Across 714 tracked Technology securities in the Roarable RQD universe, Meridian Holdings Inc. (MRDN) ranks #462 by composite RQD confidence (44/100, grade D) and #508 by equity capitalization ($127.2M). Within this direct 5-issuer industry benchmark cohort, EGAN leads on earnings valuation at 4.7x trailing P/E, while EGAN leads on capital efficiency and profitability with 46.7% ROIC and 70.1% gross margin. EGAN currently holds the highest overall quantitative score in the immediate peer group at 59/100 (C-) compared with MRDN at 44/100 (D).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| MRDN
ACTIVE
Meridian Holdings Inc. | D | 44/100 | — | 56.6% | -35.0% | -2.64% | $127.2M | Benchmark Subject |
| GCL GCL Global Holdings Ltd | D | 45/100 | — | 10.3% | — | -0.26% | $115.2M | /gcl-vs-mrdn → |
| SSTI SoundThinking Inc. | D- | 43/100 | — | 54.4% | -12.2% | -0.60% | $110.8M | /ssti-vs-mrdn → |
| HUCK Huckleberry.ai Inc. (Class B) | E | 29/100 | — | 75.0% | -35.0% | +0.32% | $147.7M | /huck-vs-mrdn → |
| EGAN eGain Corporation | C- | 59/100 | 4.7x | 70.1% | 46.7% | -0.51% | $150.1M | /egan-vs-mrdn → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Meridian Holdings Inc. (MRDN) reported GAAP revenue of $182.9M (+21.0% vs. FY2024 revenue of $151.1M , and +96.6% cumulative change since FY2023) , GAAP net income of -$92.0M, operating cash flow of $25.4M, and free cash flow of $19.2M (+14.5% YoY). On the balance sheet, MRDN closed FY2025 with $118.1M in total assets against $6.6M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 6/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $182.9M | -$92.0M | $25.4M | $19.2M | $118.1M | $6.6M |
| FY2024 (FY) | 2024-12-31 | $151.1M | -$1.4M | $23.9M | $16.8M | $213.7M | $14.4M |
| FY2023 (FY) | 2023-12-31 | $93.0M | $13.7M | $23.7M | $23.7M | — | — |
As of 2026-11-02, Meridian Holdings Inc. (NASDAQ: MRDN) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $9.77 (-2.64% 1D, market cap $127.2M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 9/20. Across 714 tracked Technology issuers, MRDN ranks #462 in composite RQD confidence.
Within the Technology sector (Computer Software: Prepackaged Software), MRDN carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of 56.6%, and ROIC of -35.0%. By comparison, GCL (GCL Global Holdings Ltd) holds a D grade (45/100 RQD, P/E N/A, ROIC —, cap $115.2M) and SSTI (SoundThinking Inc.) posts a D- grade (43/100 RQD, P/E N/A, ROIC -12.2%, cap $110.8M). Among the 5-stock peer group, EGAN leads on earnings multiple (4.7x) while EGAN leads on capital efficiency (46.7% ROIC).
Per MRDN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001437925), Meridian Holdings Inc. generated $182.9M in revenue (+21.0% YoY), -$92.0M in net income, and $19.2M in free cash flow against $118.1M in total assets and $6.6M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
MRDN last traded at $9.77 (-2.64% on volume of 23,364 shares), positioning the stock -21.15% below its 50-day simple moving average ($12.39) and -10.12% below its 200-day simple moving average ($10.87). Across its 52-week range of $5.80 to $16.09, MRDN sits at the 38.6% percentile with a 14-day RSI of 27.9 (OVERSOLD (<32)) and an implied next-earnings move of ±11.7% ($8.63 to $10.91).
Why MRDN Stock dropped -2.64% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
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