Newsmax (NYSE:NMAX) Reaches New 1-Year Low - Time to Sell?

Key Points

• Stock hit a new 52-week low — Newsmax shares traded as low as $5.17 (last $5.3040) on heavy volume (~785,044) and are trading below the 50‑day ($6.59) and 200‑day ($8.67) moving averages, indicating a short- and long-term downtrend.
• Analyst views are mixed: Weiss Ratings recently restated a “sell (d-)”, while the MarketBeat consensus is a Hold with a $21.50 average price target (two Buys, one Hold, one Sell).
• Fundamentals show the company remains unprofitable — market cap about $674.7M, trailing metrics include a PE of -4.50, a negative net margin of -52.57% and negative ROE of -82.25%, despite quarterly revenue of $52.24M.

Newsmax Inc. (NYSE:NMAX - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $5.17 and last traded at $5.3040, with a volume of 785044 shares trading hands. The stock had previously closed at $5.88.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Newsmax in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Newsmax presently has an average rating of "Hold" and a consensus price target of $21.50.

Newsmax Price Performance

The company has a market cap of $674.70 million and a PE ratio of -4.50. The business has a 50 day moving average of $6.59 and a 200 day moving average of $8.67.

Newsmax (NYSE:NMAX - Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported $0.04 EPS for the quarter. Newsmax had a negative net margin of 52.57% and a negative return on equity of 82.25%. The business had revenue of $52.24 million during the quarter.

Institutional Trading of Newsmax

Large investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Newsmax in the 2nd quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Newsmax during the third quarter valued at approximately $26,000. Harbor Investment Advisory LLC grew its stake in Newsmax by 139.8% in the third quarter. Harbor Investment Advisory LLC now owns 2,398 shares of the company's stock worth $30,000 after purchasing an additional 1,398 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in Newsmax in the second quarter worth $32,000. Finally, Osterweis Capital Management Inc. bought a new position in Newsmax in the second quarter worth $32,000.

About Newsmax

Newsmax NYSE: NMAX is a diversified media company that produces and distributes conservative-oriented news, opinion and informational content. The company operates across multiple platforms, including a cable news channel, a digital streaming service, a website, a print magazine and various mobile applications. Newsmax focuses on delivering political coverage, financial analysis and cultural commentary to its audience.

Originally launched as a news website in 1998, Newsmax expanded into print with the debut of Newsmax magazine in 2003 and later launched its flagship cable network, Newsmax TV, in 2014.

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