Newsmax (NYSE:NMAX) Stock Falls 5.1% – Here’s Why

Posted by Brenda Bartman on Oct 1st, 2026

Newsmax Inc. (NYSE:NMAX – Get Free Report) fell 5.1% during trading on Thursday. The company traded as low as $10.42 and last traded at $10.2640. Approximately 121,865 shares were traded during trading, a decline of 91% from the average session volume of 1,308,240 shares. The stock had previously closed at $10.81.

Wall Street Analyst Weigh In

NMAX has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Newsmax in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Newsmax from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newsmax has an average rating of “Sell”.

View Our Latest Research Report on Newsmax

Newsmax Stock Down 8.3%

The company has a market capitalization of $1.28 billion, a PE ratio of -198.60 and a beta of 2.72. The business has a 50 day simple moving average of $9.98 and a 200 day simple moving average of $8.26.

Newsmax (NYSE:NMAX – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%. The firm had revenue of $54.12 million for the quarter. Equities analysts expect that Newsmax Inc. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Conyers Investments Llc sold 22,000 shares of Newsmax stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $11.07, for a total transaction of $243,540.00. Following the completion of the transaction, the insider directly owned 21,965,639 shares in the company, valued at approximately $243,159,623.73. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 494,886 shares of company stock worth $5,611,995 over the last quarter. 61.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Newsmax

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of Newsmax by 7.9% during the first quarter. NewEdge Advisors LLC now owns 17,415 shares of the company’s stock valued at $91,000 after acquiring an additional 1,282 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Newsmax by 15.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 13,048 shares of the company’s stock valued at $101,000 after purchasing an additional 1,711 shares during the period. Cetera Investment Advisers grew its stake 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 buying an additional 1,725 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Newsmax by 6.9% during the 1st quarter. Kestra Advisory Services LLC now owns 41,747 shares of the company’s stock worth $218,000 after buying an additional 2,697 shares during the period. Finally, Allworth Financial LP grew its holdings in Newsmax by 55.4% during the 2nd quarter. Allworth Financial LP now owns 11,983 shares of the company’s stock worth $99,000 after acquiring an additional 4,270 shares in the last quarter.

Newsmax Company Profile

(Get Free Report)

Newsmax, Inc is a multimedia news and information company that operates a conservative-oriented media platform serving audiences primarily in the United States. Its businesses include digital publishing, television broadcasting and related media products.

The company operates Newsmax.com, which publishes news, political commentary, business coverage, financial information and lifestyle content. It also operates Newsmax TV, a television network available through distribution partners and digital platforms, and offers streaming access and other subscription-based digital services.