MediaAlpha Inc (NYSE: MAX)’s stock price has gone decline by -9.06 in comparison to its previous close of 22.18, however, the company has experienced a -4.23% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-05-04 that MediaAlpha, Inc. (NYSE:MAX ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Alex Liloia – Investor Relations, Hayflower Partners Steve Yi – Co-Founder and Chief Executive Officer Patrick Thompson – Chief Financial Officer Conference Call Participants Michael Graham – Canaccord Genuity Michael Zaremski – BMO Capital Markets Cory Carpenter – JPMorgan Thomas McJoynt – KBW Ben Hendrix – RBC Capital Market Operator Hello and thank you for standing by. At this time, I would like to welcome everyone to the MediaAlpha, Inc. First Quarter 2024 Earnings Call.
Is It Worth Investing in MediaAlpha Inc (NYSE: MAX) Right Now?
Moreover, the 36-month beta value for MAX is 1.34. Analysts have varying 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 22.68M and currently, short sellers hold a 3.77% of that float. On May 08, 2024, MAX’s average trading volume was 405.01K shares.
MAX’s Market Performance
MAX stock saw an increase of -4.23% in the past week, with a monthly gain of 10.22% and a quarterly increase of 59.57%. The volatility ratio for the week is 8.81%, and the volatility levels for the last 30 days are 6.11% for MediaAlpha Inc (MAX). The simple moving average for the last 20 days is 1.77% for MAX’s stock, with a simple moving average of 58.11% for the last 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 1.16% 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 -21.76% of loss for the given period.
Volatility was left at 6.11%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares surge +6.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.62% lower at present.
During the last 5 trading sessions, MAX fell by -4.84%, which changed the moving average for the period of 200-days by +101.81% in comparison to the 20-day moving average, which settled at $19.88. In addition, MediaAlpha Inc saw 80.90% 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:
- -0.07 for the present operating margin
- 0.17 for the gross margin
The net margin for MediaAlpha Inc stands at -0.08. The total capital return value is set at -0.36.
Based on MediaAlpha Inc (MAX), the company’s capital structure generated 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at -9.03. The interest coverage ratio of the stock is -1.75.
Currently, EBITDA for the company is -32.01 million with net debt to EBITDA at -6.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.74. The receivables turnover for the company is 7.01for trailing twelve months and the total asset turnover is 2.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To wrap up, the performance of MediaAlpha Inc (MAX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
