MediaAlpha Inc (NYSE: MAX) is 80.99% higher on its value in year-to-date trading and has touched a low of $5.33 and a high of $25.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAX stock was last observed hovering at around $19.99 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $20.18, the stock is 1.52% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 0.95% at the moment leaves the stock 57.57% off its SMA200. MAX registered 250.96% gain for a year compared to 6-month gain of 113.32%.
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The stock witnessed a 7.17% loss in the last 1 month and extending the period to 3 months gives it a 46.76%, and is -8.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.68% over the week and 6.09% over the month.
MediaAlpha Inc (MAX) has around 137 employees, a market worth around $1.04B and $403.17M in sales. Fwd P/E is 725.90. Profit margin for the company is -7.76%. Distance from 52-week low is 278.79% and -21.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.15%).
The EPS is expected to grow by 82.83% this year
The shares outstanding are 47.40M, and float is at 22.68M with Short Float at 3.77%.
MediaAlpha Inc (MAX) Insider Activity
The most recent transaction is an insider sale by WHITE MOUNTAINS INSURANCE GROU, the company’s 10% Owner. SEC filings show that WHITE MOUNTAINS INSURANCE GROU sold 5,000,200 shares of the company’s common stock on May 07 ’24 at a price of $19.00 per share for a total of $95.0 million. Following the sale, the insider now owns 17.86 million shares.
MediaAlpha Inc disclosed in a document filed with the SEC on Mar 12 ’24 that INSIGNIA CAPITAL PARTNERS GP, (10% Owner) sold a total of 2,950,000 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $19.85 per share for $58.56 million. Following the transaction, the insider now directly holds 50000.0 shares of the MAX stock.
Still, SEC filings show that on Jun 30 ’23, WHITE MOUNTAINS INSURANCE GROU (Director) acquired 5,916,816 shares at an average price of $10.00 for $59.17 million. The insider now directly holds 22,856,814 shares of MediaAlpha Inc (MAX).
