Newsmax (NYSE:NMAX) Hits New 1-Year Low - Should You Sell?

Newsmax (NYSE:NMAX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.82 and last traded at $12.04, with a volume of 304842 shares traded. The stock had previously closed at $12.42.

Newsmax Price Performance

The stock has a 50-day simple moving average of $22.16.

Newsmax (NYSE:NMAX - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.53) EPS for the quarter. The firm had revenue of $45.30 million during the quarter.

Hedge Funds Weigh In On Newsmax

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of Newsmax in the 1st quarter worth approximately $39,000. CWM LLC purchased a new position in shares of Newsmax in the 1st quarter worth approximately $47,000. Allworth Financial LP purchased a new position in shares of Newsmax in the 1st quarter worth approximately $89,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Newsmax in the 1st quarter worth approximately $217,000. Finally, Sassicaia Capital Advisers LLC bought a new stake in shares of Newsmax in the 1st quarter worth approximately $309,000.

Newsmax Company Profile

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).