Midwest (MDWT) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midwest in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MDWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDWT, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 1-year price objectives for Midwest's stock. Their MDWT share price forecasts range from $15.00 to $15.00. On average, they expect the company's stock price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 42.5%.
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Midwest's stock was trading at $12.74 at the beginning of the year. Since then, MDWT shares have increased by 104.9% and is now trading at $26.10.
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Midwest saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,200 shares, an increase of 41.4% from the August 15th total of 5,800 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our MDWT earnings forecast.

Midwest Holding Inc. (NASDAQ:MDWT) posted its quarterly earnings results on Friday, August, 11th. The company reported $2.51 EPS for the quarter, beating the consensus estimate of $0.39 by $2.12. The firm earned $30.24 million during the quarter, compared to analysts' expectations of $16.60 million. Midwest had a negative net margin of 2.49% and a positive trailing twelve-month return on equity of 38.90%.

(MDWT) raised $72 million in an initial public offering (IPO) on Thursday, December 17th 2020. The company issued 1,000,000 shares at $70.00-$74.00 per share. Piper Sandler acted as the underwriter for the IPO and JMP Securities was co-manager.

Midwest trades on the NASDAQ under the ticker symbol "MDWT."

Midwest's stock is owned by many different retail and institutional investors. Top institutional shareholders include Raymond James & Associates (2.98%), Ergoteles LLC (1.30%), LPL Financial LLC (1.04%), PenderFund Capital Management Ltd. (0.66%), Geode Capital Management LLC (0.63%) and BlackRock Inc. (0.59%). Insiders that own company stock include Knott Partners Lp and Michael W Minnich.
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Shares of MDWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDWT stock can currently be purchased for approximately $26.10.

Midwest (NASDAQ:MDWT) has a market capitalization of $97.61 million and generates $30.05 million in revenue each year. The company earns $7.14 million in net income (profit) each year or ($0.64) on an earnings per share basis.

The official website for the company is www.midwestholding.com. The company can be reached via phone at (402) 817-5701, via email at ir@midwestholding.com, or via fax at 402-489-8295.