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MediaAlpha Inc (NYSE: MAX) closed the day trading at $15.07 up 0.33% from the previous closing price of $15.02. In other words, the price has increased by $0.33 from its previous closing price. On the day, 0.84 million shares were traded. MAX stock price reached its highest trading level at $15.31 during the session, while it also had its lowest trading level at $14.66.
Ratios:
For a better understanding of MAX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.56. 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 the company, TD Cowen on June 26, 2024, Downgraded its rating to Hold and sets its target price to $13 from $19 previously.
On February 26, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $9 to $28.
On January 10, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $15.TD Cowen initiated its Outperform rating on January 10, 2024, with a $15 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 988818048 and an Enterprise Value of 909391360. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66. Its current Enterprise Value per Revenue stands at 1.831 whereas that against EBITDA is 147.103.
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 -0.89%, while the 200-Day Moving Average is calculated to be -0.34%.
Shares Statistics:
Over the past 3-months, MAX traded about 858.60K shares per day on average, while over the past 10 days, MAX traded about 1134710 shares per day. A total of 47.40M shares are outstanding, with a floating share count of 29.88M. Insiders hold about 45.41% of the company’s shares, while institutions hold 43.10% stake in the company. Shares short for MAX as of 1721001600 were 2478578 with a Short Ratio of 2.64, compared to 1718323200 on 2896009. Therefore, it implies a Short% of Shares Outstanding of 2478578 and a Short% of Float of 10.75.
