Newsmax Inc. (NYSE:NMAX - Get Free Report) shares rose 1.7% during trading on Thursday . The stock traded as high as $14.80 and last traded at $14.60. Approximately 352,793 shares traded hands during trading, a decline of 85% from the average daily volume of 2,411,226 shares. The stock had previously closed at $14.35.
Newsmax Price Performance
The business's 50 day moving average is $19.06.
Newsmax (NYSE:NMAX - Get Free Report) last released its quarterly 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
A number of large investors have recently modified their holdings of NMAX. Flagship Harbor Advisors LLC purchased a new position in Newsmax in the first quarter worth $551,000. Sassicaia Capital Advisers LLC acquired a new position in shares of Newsmax during the 1st quarter worth $309,000. CWM LLC purchased a new position in shares of Newsmax in the 1st quarter valued at about $47,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Newsmax in the first quarter valued at about $217,000. Finally, Allworth Financial LP purchased a new stake in Newsmax during the first quarter worth about $89,000.
Newsmax Company Profile
(
Get Free Report)
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”).
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Newsmax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newsmax wasn't on the list.
While Newsmax currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
