Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MAX is 43.86M, and currently, short sellers hold a 1.95% ratio of that floaft. The average trading volume of MAX on May 01, 2024 was 333.42K shares.
MAX) stock’s latest price update
MediaAlpha Inc (NYSE: MAX)’s stock price has soared by 7.77 in relation to previous closing price of 18.79. Nevertheless, the company has seen a gain of 6.58% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that In the latest trading session, MediaAlpha, Inc. (MAX) closed at $19.11, marking a +0.37% move from the previous day.
MAX’s Market Performance
MediaAlpha Inc (MAX) has experienced a 6.58% rise in stock performance for the past week, with a 0.70% rise in the past month, and a 59.70% rise in the past quarter. The volatility ratio for the week is 4.52%, and the volatility levels for the past 30 days are at 5.00% for MAX. The simple moving average for the past 20 days is 6.75% for MAX’s stock, with a 63.34% simple moving average for the past 200 days.
Analysts’ Opinion of MAX
Many brokerage firms have already submitted their reports for MAX stocks, with BMO Capital Markets repeating the rating for MAX by listing it as a “Outperform.” The predicted price for MAX in the upcoming period, according to BMO Capital Markets is $28 based on the research report published on February 26, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see MAX reach a price target of $15. The rating they have provided for MAX stocks is “Outperform” according to the report published on January 10th, 2024.
Citigroup gave a rating of “Sell” to MAX, setting the target price at $8 in the report published on August 04th of the previous year.
MAX Trading at 3.30% from the 50-Day Moving Average
After a stumble in the market that brought MAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.22% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares surge +2.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.62% upper at present.
During the last 5 trading sessions, MAX rose by +6.58%, which changed the moving average for the period of 200-days by +107.27% in comparison to the 20-day moving average, which settled at $19.00. In addition, MediaAlpha Inc saw 81.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MAX starting from INSIGNIA CAPITAL PARTNERS GP,, who sale 2,950,000 shares at the price of $19.85 back on Mar 12 ’24. After this action, INSIGNIA CAPITAL PARTNERS GP, now owns 50,000 shares of MediaAlpha Inc, valued at $58,557,500 using the latest closing price.
WHITE MOUNTAINS INSURANCE GROU, the Director of MediaAlpha Inc, purchase 5,916,816 shares at $10.00 during a trade that took place back on Jun 30 ’23, which means that WHITE MOUNTAINS INSURANCE GROU is holding 22,856,814 shares at $59,168,160 based on the most recent closing price.
Stock Fundamentals for MAX
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.17 for the gross margin
The net margin for MediaAlpha Inc stands at -0.12. The total capital return value is set at -0.54.
Based on MediaAlpha Inc (MAX), the company’s capital structure generated 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at -17.02. The interest coverage ratio of the stock is -2.61.
Currently, EBITDA for the company is -32.01 million with net debt to EBITDA at -4.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.84. The receivables turnover for the company is 7.22for trailing twelve months and the total asset turnover is 2.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In a nutshell, MediaAlpha Inc (MAX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
