MediaAlpha Inc [NYSE: MAX] price plunged by -9.87 percent to reach at -$2.19.
The one-year MAX stock forecast points to a potential upside of 16.71. The average equity rating for MAX stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on MediaAlpha Inc [MAX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAX shares is $24.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for MediaAlpha Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Outperform. The new note on the price target was released on January 10, 2024, representing the official price target for MediaAlpha Inc stock. Previously, the target price had yet another raise from $7 to $8, while Citigroup kept a Sell rating on MAX stock.
The Average True Range (ATR) for MediaAlpha Inc is set at 1.34, with the Price to Sales ratio for MAX stock in the period of the last 12 months amounting to 2.56. Price to Free Cash Flow for MAX in the course of the last twelve months was 111.11 with Quick ratio for the last quarter at 0.99.
MAX Stock Performance Analysis:
MediaAlpha Inc [MAX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.08. With this latest performance, MAX shares gained by 9.23% in over the last four-week period, additionally plugging by 130.83% over the last 6 months – not to mention a rise of 236.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAX stock in for the last two-week period is set at 50.00, with the RSI for the last a single of trading hit 46.32, and the three-weeks RSI is set at 52.14 for MediaAlpha Inc [MAX]. The present Moving Average for the last 50 days of trading for this stock 19.91, while it was recorded at 21.72 for the last single week of trading, and 12.81 for the last 200 days.
Insight into MediaAlpha Inc Fundamentals:
MediaAlpha Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 0.99.
MediaAlpha Inc [MAX] Institutonal Ownership Details
The top three institutional holders of MAX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MAX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MAX stock with ownership which is approximately 5.8386%.
