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The closing price of MediaAlpha Inc (NYSE: MAX) was $17.06 for the day, up 1.01% from the previous closing price of $16.89. In other words, the price has increased by $1.01 from its previous closing price. On the day, 0.64 million shares were traded. MAX stock price reached its highest trading level at $17.916 during the session, while it also had its lowest trading level at $16.63.
Ratios:
Our analysis of MAX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on August 20, 2024, initiated with a Buy rating and assigned the stock a target price of $20.
On June 26, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $19 to $13.
BMO Capital Markets Upgraded its Market Perform to Outperform on February 26, 2024, whereas the target price for the stock was revised from $9 to $28.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 10 ’24 when INSIGNIA CAPITAL PARTNERS GP, sold 2,589,800 shares for $19.00 per share. The transaction valued at 49,206,200 led to the insider holds 0 shares of the business.
WHITE MOUNTAINS INSURANCE GROU sold 5,000,200 shares of MAX for $95,003,800 on May 07 ’24. The 10% Owner now owns 17,856,614 shares after completing the transaction at $19.00 per share. On Mar 12 ’24, another insider, INSIGNIA CAPITAL PARTNERS GP, , who serves as the 10% Owner of the company, sold 2,950,000 shares for $19.85 each. As a result, the insider received 58,557,500 and left with 50,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAX now has a Market Capitalization of 1119391872 and an Enterprise Value of 1018302784. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88. Its current Enterprise Value per Revenue stands at 2.05 whereas that against EBITDA is 164.721.
Stock Price History:
Over the past 52 weeks, MAX has reached a high of $25.78, while it has fallen to a 52-week low of $7.62. The 50-Day Moving Average of the stock is 13.42%, while the 200-Day Moving Average is calculated to be 11.27%.
Shares Statistics:
MAX traded an average of 886.57K shares per day over the past three months and 861400 shares per day over the past ten days. A total of 47.40M shares are outstanding, with a floating share count of 29.78M. Insiders hold about 45.59% of the company’s shares, while institutions hold 56.17% stake in the company. Shares short for MAX as of 1722384000 were 2267194 with a Short Ratio of 2.56, compared to 1719532800 on 2848381. Therefore, it implies a Short% of Shares Outstanding of 2267194 and a Short% of Float of 9.83.
