Newsmax (NYSE:NMAX) Reaches New 1-Year Low – Should You Sell?

Newsmax (NYSE:NMAX) reached a new 52-week low on Monday . The stock traded as low as $11.82 and last traded at $12.04, with a volume of 304842 shares trading hands. The stock had previously closed at $12.42.

Newsmax Stock Down 1.7%

The stock has a fifty day simple moving average of $22.68.

Newsmax (NYSE:NMAX) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter. The firm had revenue of $45.30 million during the quarter.

Institutional Trading of Newsmax

Several large investors have recently modified their holdings of NMAX. Flagship Harbor Advisors LLC purchased a new stake in Newsmax in the 1st quarter valued at approximately $551,000. Golden State Wealth Management LLC purchased a new stake in shares of Newsmax in the first quarter valued at $39,000. Allworth Financial LP acquired a new stake in shares of Newsmax during the first quarter valued at $89,000. CWM LLC purchased a new stake in Newsmax during the 1st quarter worth about $47,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Newsmax in the 1st quarter valued at about $217,000.

Newsmax Company Profile

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).