Newsmax (NYSE:NMAX) Trading Down 5.5% - Time to Sell?

Key Points

• Newsmax Inc. (NYSE:NMAX) shares fell 5.5% to $12.23 during mid-day trading, with trading volume down 74% from average levels.
• Analyst ratings for Newsmax vary, with Zacks upgrading it to "hold" while others like Wall Street Zen downgraded to "sell", reflecting mixed sentiment.
• The company reported earnings of ($0.59) EPS for the last quarter, with revenue of $46.44 million, while setting FY 2025 guidance at an unspecified EPS.

Newsmax Inc. (NYSE:NMAX - Get Free Report) shares fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $12.30 and last traded at $12.23. 438,653 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,703,467 shares. The stock had previously closed at $12.94.

Analyst Ratings Changes

Several brokerages have recently issued reports on NMAX. Zacks Research upgraded Newsmax to a "hold" rating in a research note on Friday, August 22nd. Noble Financial initiated coverage on Newsmax in a report on Thursday, August 21st. They set an "outperform" rating and a $23.00 price objective on the stock. Wall Street Zen lowered Newsmax from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Finally, Maxim Group initiated coverage on Newsmax in a report on Thursday, July 24th. They set a "buy" rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Newsmax currently has an average rating of "Moderate Buy" and an average target price of $21.50.

Newsmax Stock Down 5.0%

The stock's fifty day simple moving average is $13.78.

Newsmax (NYSE:NMAX - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported ($0.59) earnings per share for the quarter. The business had revenue of $46.44 million during the quarter. Newsmax has set its FY 2025 guidance at EPS.

Institutional Trading of Newsmax

Several large investors have recently bought and sold shares of NMAX. Hollencrest Capital Management acquired a new stake in Newsmax in the second quarter valued at $25,000. West Oak Capital LLC acquired a new stake in shares of Newsmax during the second quarter valued at $30,000. SOA Wealth Advisors LLC. purchased a new stake in Newsmax during the 2nd quarter worth about $32,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Newsmax in the 2nd quarter valued at about $32,000. Finally, Osterweis Capital Management Inc. acquired a new position in Newsmax in the 2nd quarter valued at about $32,000.

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”).

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