Newsmax (NYSE:NMAX) Reaches New 12-Month Low - What's Next?

Newsmax (NYSE:NMAX - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $13.70 and last traded at $14.42, with a volume of 534505 shares. The stock had previously closed at $14.77.

Newsmax Stock Performance

The stock's fifty day moving average is $25.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NMAX. Flagship Harbor Advisors LLC bought a new position in shares of Newsmax during the 1st quarter worth approximately $551,000. Sassicaia Capital Advisers LLC acquired a new position in Newsmax during the first quarter worth $309,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Newsmax during the first quarter worth $217,000. Allworth Financial LP bought a new position in Newsmax in the first quarter valued at $89,000. Finally, CWM LLC acquired a new stake in Newsmax in the 1st quarter valued at $47,000.

About Newsmax

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”).