MediaAlpha Inc [MAX] stock prices are down -1.52% to $16.18 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAX shares have gain 10.90% over the last week, with a monthly amount glided 29.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MediaAlpha Inc [NYSE: MAX] stock has seen the most recent analyst activity on June 26, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $13 from $19. Previously, BMO Capital Markets upgraded its rating to Outperform on February 26, 2024, and elevated its price target to $28. On January 10, 2024, TD Cowen initiated with a Outperform rating and assigned a price target of $15 on the stock. Citigroup downgraded its rating to a Sell and increased its price target to $8 on August 04, 2023. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $10 as its price target on January 20, 2023. JP Morgan upgraded its rating to Overweight for this stock on December 20, 2022, and upped its price target to $14. In a note dated February 23, 2022, Citigroup downgraded an Neutral rating on this stock and revised its target price from $24 to $14.
The stock price of MediaAlpha Inc [MAX] has been fluctuating between $7.62 and $25.78 over the past year. Currently, Wall Street analysts expect the stock to reach $16.33 within the next 12 months. MediaAlpha Inc [NYSE: MAX] shares were valued at $16.18 at the most recent close of the market. An investor can expect a potential return of 0.93% based on the average MAX price forecast.
Analyzing the MAX fundamentals
The MediaAlpha Inc [NYSE:MAX] reported sales of 496.67M for trailing twelve months, representing a surge of 110.30%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is 0.76 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.57 points at the first support level, and at 14.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.67, and for the 2nd resistance point, it is at 17.15.
Ratios To Look Out For
It’s worth pointing out that MediaAlpha Inc [NYSE:MAX]’s Current Ratio is 1.10. Further, the Quick Ratio stands at 1.10, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.68.
Transactions by insiders
Recent insider trading involved INSIGNIA CAPITAL PARTNERS GP,, 10% Owner, that happened on May 10 ’24 when 2.59 million shares were sold. 10% Owner, WHITE MOUNTAINS INSURANCE GROU completed a deal on May 07 ’24 to sell 5.0 million shares. Meanwhile, 10% Owner INSIGNIA CAPITAL PARTNERS GP, sold 2.95 million shares on Mar 12 ’24.
