Currently, MediaAlpha Inc [MAX] is trading at $10.05, up 1.41%. 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 5.90% over the last week, with a monthly amount drifted -11.92%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MediaAlpha Inc [NYSE: MAX] stock has seen the most recent analyst activity on August 20, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $20. Previously, TD Cowen downgraded its rating to Hold on June 26, 2024, and dropped its price target to $13. On February 26, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $28 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $15 on January 10, 2024. Citigroup downgraded its rating to a Sell and raised its price target to $8 on August 04, 2023. BMO Capital Markets started tracking with a Market Perform rating for this stock on January 20, 2023, and assigned it a price target of $10. In a note dated December 20, 2022, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $12 to $14.
This stock has fluctuated between a low of $8.21 and a high of $25.78 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. MediaAlpha Inc [NYSE: MAX] shares were valued at $10.05 at the most recent close of the market. An investor can expect a potential return of 99.0% based on the average MAX price forecast.
Analyzing the MAX fundamentals
Trailing Twelve Months sales for MediaAlpha Inc [NYSE:MAX] were 864.70M which represents 156.58% growth. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -1.35 and Total Capital is 0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.72.
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 9.83 points at the first support level, and at 9.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.32, and for the 2nd resistance point, it is at 10.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MediaAlpha Inc [NYSE:MAX] is 1.43. Further, the Quick Ratio stands at 1.43, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 234.54 and price to earnings (TTM) ratio is 33.33.
Transactions by insiders
Recent insider trading involved Nonko Eugene, that happened on Oct 30 ’24 when 72000.0 shares were sold., Yi Steven completed a deal on Oct 30 ’24 to sell 72000.0 shares. Meanwhile, Officer Yi Steven bought 72000.0 shares on Oct 30 ’24.
