While MediaAlpha Inc has underperformed by -27.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAX rose by 18.94%, with highs and lows ranging from $25.78 to $8.55, whereas the simple moving average fell by -33.09% in the last 200 days.
On August 20, 2024, Goldman started tracking MediaAlpha Inc (NYSE: MAX) recommending Buy. A report published by TD Cowen on June 26, 2024, Downgraded its rating to ‘Hold’ for MAX. BMO Capital Markets also Upgraded MAX shares as ‘Outperform’, setting a target price of $28 on the company’s shares in a report dated February 26, 2024. TD Cowen Initiated an Outperform rating on January 10, 2024, and assigned a price target of $15. Citigroup August 04, 2023d its ‘Neutral’ rating to ‘Sell’ for MAX, as published in its report on August 04, 2023. BMO Capital Markets’s report from January 20, 2023 suggests a price prediction of $10 for MAX shares, giving the stock a ‘Market Perform’ rating. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of MediaAlpha Inc (MAX)
Further, the quarter-over-quarter increase in sales is 247.49%, showing a positive trend in the upcoming months.
One of the most important indicators of MediaAlpha Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 1.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MAX is recording 547.34K average volume. On a monthly basis, the volatility of the stock is set at 5.49%, whereas on a weekly basis, it is put at 12.25%, with a loss of -40.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.17, showing growth from the present price of $11.62, which can serve as yet another indication of whether MAX is worth investing in or should be passed over.
How Do You Analyze MediaAlpha Inc Shares?
The Internet Content & Information market is dominated by MediaAlpha Inc (MAX) based in the USA. When comparing MediaAlpha Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 69.50, there is a growth in quarterly earnings of 159.12%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 42.88%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 54.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MAX shares are owned by institutional investors to the tune of 54.16% at present.
