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As of close of business last night, MediaAlpha Inc’s stock clocked out at $11.90, up 1.36% from its previous closing price of $11.74. In other words, the price has increased by $1.36 from its previous closing price. On the day, 0.44 million shares were traded. MAX stock price reached its highest trading level at $12.17 during the session, while it also had its lowest trading level at $11.74.
Ratios:
To gain a deeper understanding of MAX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 30 ’24 when Nonko Eugene sold 72,000 shares for $20.67 per share. The transaction valued at 1,487,959 led to the insider holds 1,550,990 shares of the business.
Yi Steven sold 72,000 shares of MAX for $1,487,750 on Oct 30 ’24. The insider now owns 2,312,162 shares after completing the transaction at $20.66 per share. On Oct 30 ’24, another insider, Yi Steven, who serves as the Officer of the company, bought 72,000 shares for $20.66 each.
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 780818496 and an Enterprise Value of 727847040. As of this moment, MediaAlpha’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.17, and their Forward P/E ratio for the next fiscal year is 15.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11. Its current Enterprise Value per Revenue stands at 1.068 whereas that against EBITDA is 20.192.
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 $9.13. The 50-Day Moving Average of the stock is -29.76%, while the 200-Day Moving Average is calculated to be -31.38%.
Shares Statistics:
It appears that MAX traded 561.89K shares on average per day over the past three months and 1031410 shares per day over the past ten days. A total of 47.40M shares are outstanding, with a floating share count of 31.59M. Insiders hold about 42.65% of the company’s shares, while institutions hold 60.92% stake in the company. Shares short for MAX as of 1730332800 were 2316731 with a Short Ratio of 4.12, compared to 1727654400 on 2484042. Therefore, it implies a Short% of Shares Outstanding of 2316731 and a Short% of Float of 9.8900005.
