The 36-month beta value for MAX is at 1.24. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MAX is 27.89M, and currently, shorts hold a 7.29% of that float. The average trading volume for MAX on June 24, 2024 was 608.56K shares.
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MAX) stock’s latest price update
The stock of MediaAlpha Inc (NYSE: MAX) has decreased by -4.26 when compared to last closing price of 16.21.Despite this, the company has seen a loss of -6.84% in its stock price over the last five trading days. forbes.com reported 2024-06-21 that We believe that Boeing (NYSE: BA) is currently a better pick over Airbus (OTCMKTS: EADSY), given its attractive valuation. Airbus trades at a higher valuation of 1.9x trailing revenues, compared to 1.4x for Boeing.
MAX’s Market Performance
MAX’s stock has fallen by -6.84% in the past week, with a monthly drop of -13.05% and a quarterly drop of -22.79%. The volatility ratio for the week is 5.21% while the volatility levels for the last 30 days are 5.33% for MediaAlpha Inc The simple moving average for the last 20 days is -11.69% for MAX’s stock, with a simple moving average of 9.55% 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 -17.30% 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 -39.80% of loss for the given period.
Volatility was left at 5.33%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares sank -11.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.42% lower at present.
During the last 5 trading sessions, MAX fell by -5.10%, which changed the moving average for the period of 200-days by +90.25% in comparison to the 20-day moving average, which settled at $17.48. In addition, MediaAlpha Inc saw 39.19% 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 2,589,800 shares at the price of $19.00 back on May 10 ’24. After this action, INSIGNIA CAPITAL PARTNERS GP, now owns 0 shares of MediaAlpha Inc, valued at $49,206,200 using the latest closing price.
WHITE MOUNTAINS INSURANCE GROU, the 10% Owner of MediaAlpha Inc, sale 5,000,200 shares at $19.00 during a trade that took place back on May 07 ’24, which means that WHITE MOUNTAINS INSURANCE GROU is holding 17,856,614 shares at $95,003,800 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 2.89. 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
In conclusion, MediaAlpha Inc (MAX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
