Newsmax Inc. (NYSE:NMAX – Free Report) – Research analysts at Maxim Group issued their Q2 2026 earnings per share estimates for Newsmax in a report issued on Monday, August 10th. Maxim Group analyst T. Forte expects that the company will earn ($0.04) per share for the quarter. The consensus estimate for Newsmax’s current full-year earnings is ($0.07) per share.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newsmax in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.00.
Newsmax Trading Down 0.7%
NMAX stock opened at $8.71 on Wednesday. Newsmax has a twelve month low of $5.11 and a twelve month high of $15.94. The company’s 50 day moving average is $8.23 and its two-hundred day moving average is $7.18. The stock has a market cap of $1.12 billion, a P/E ratio of -13.19 and a beta of 2.55.
Institutional Trading of Newsmax
Large investors have recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new position in Newsmax during the 2nd quarter worth approximately $123,000. Bank of New York Mellon Corp purchased a new stake in Newsmax in the second quarter valued at approximately $814,000. NewEdge Advisors LLC lifted its stake in Newsmax by 7.9% in the first quarter. NewEdge Advisors LLC now owns 17,415 shares of the company’s stock valued at $91,000 after buying an additional 1,282 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Newsmax by 54.7% in the first quarter. Entropy Technologies LP now owns 35,280 shares of the company’s stock valued at $184,000 after acquiring an additional 12,480 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Newsmax by 5.1% in the first quarter. Cetera Investment Advisers now owns 35,302 shares of the company’s stock valued at $184,000 after acquiring an additional 1,725 shares during the period.
Newsmax Company Profile
Newsmax (NYSE:NMAX) is a diversified media company that produces and distributes conservative-oriented news, opinion and informational content. The company operates across multiple platforms, including a cable news channel, a digital streaming service, a website, a print magazine and various mobile applications. Newsmax focuses on delivering political coverage, financial analysis and cultural commentary to its audience.
Originally launched as a news website in 1998, Newsmax expanded into print with the debut of Newsmax magazine in 2003 and later launched its flagship cable network, Newsmax TV, in 2014.
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