Midwest Holding Inc
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- Market Cap.:
- $99.05 million
- Book Value:
- Revenue TTM:
- $96.62 million
- Operating Margin TTM:
- Gross Profit TTM:
- $33.77 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Midwest Holding Inc had its IPO on 2017-09-29 under the ticker symbol MDWT.
The company operates in the Financial Services sector and Insurance-Life industry. Midwest Holding Inc has a staff strength of 91 employees.
Shares of Midwest Holding Inc opened at $26.53 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $26.43 - $26.65, and closed at $26.43.
This is a -0.08% slip from the previous day's closing price.
A total volume of 1,417 shares were traded at the close of the day’s session.
In the last one week, shares of Midwest Holding Inc have increased by +0.04%.
Midwest Holding Inc's Key Ratios
Midwest Holding Inc has a market cap of $99.05 million, indicating a price to book ratio of 1.4689 and a price to sales ratio of 1.2687.
In the last 12-months Midwest Holding Inc’s revenue was $96.62 million with a gross profit of $33.77 million and an EBITDA of $14.34 million. The EBITDA ratio measures Midwest Holding Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Midwest Holding Inc’s operating margin was 14.44% while its return on assets stood at 0.45% with a return of equity of 3.32%.
In Q2, Midwest Holding Inc’s quarterly earnings growth was a positive 1920% while revenue growth was a positive 1388.7%.
Midwest Holding Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-0.65 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Midwest Holding Inc’s profitability.
Midwest Holding Inc stock is trading at a EV to sales ratio of 0.0163 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 1.2687.
Midwest Holding Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $2.43 billion
- Total Liabilities
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Midwest Holding Inc ended 2023 with $2.43 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.43 billion while shareholder equity stood at $13.74 million.
Midwest Holding Inc ended 2023 with $0 in deferred long-term liabilities, $0 in other current liabilities, 4000.00 in common stock, $-67746000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $194.28 million and cash and short-term investments were $1.73 billion. The company’s total short-term debt was $0 while long-term debt stood at $25.00 million.
Midwest Holding Inc’s total current assets stands at $194.28 million while long-term investments were $2.12 billion and short-term investments were $1.54 billion. Its net receivables were $40.71 million compared to accounts payable of $0 and inventory worth $0.
In 2023, Midwest Holding Inc's operating cash flow was $-227563000.00 while its capital expenditure stood at $100000.
Comparatively, Midwest Holding Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Midwest Holding Inc stock is currently trading at $26.43 per share. It touched a 52-week high of $27.5 and a 52-week low of $27.5. Analysts tracking the stock have a 12-month average target price of $27.
Its 50-day moving average was $26.51 and 200-day moving average was $20.23 The short ratio stood at 1.57 indicating a short percent outstanding of 0%.
Around 2527.9% of the company’s stock are held by insiders while 3533.1% are held by institutions.
Frequently Asked Questions About Midwest Holding Inc
Similar Industry Stocks (Insurance-Life)
Midwest Holding Inc., a financial services company, engages in life and annuity insurance business in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors comprising independent marketing organizations. It also provides asset management services to third-party insurers and reinsurers; and product development, distribution support, policy administration, and asset/liability management services. Midwest Holding Inc. was incorporated in 2003 and is based in Lincoln, Nebraska.