MediaAlpha Inc [NYSE: MAX] loss -4.08% on the last trading session, reaching $11.28 price per share at the time.
If compared to the average trading volume of 605.85K shares, MAX reached a trading volume of 385941 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $23.29 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 1.25. 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.
Goldman have made an estimate for MediaAlpha Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 20, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $19 to $13. The new note on the price target was released on June 26, 2024, representing the official price target for MediaAlpha Inc stock. Previously, the target price had yet another raise from $9 to $28, while BMO Capital Markets kept a Outperform rating on MAX stock.
The Average True Range (ATR) for MediaAlpha Inc is set at 0.57, with the Price to Sales ratio for MAX stock in the period of the last 12 months amounting to 1.10. Price to Free Cash Flow for MAX in the course of the last twelve months was 20.65 with Quick ratio for the last quarter at 1.22.
Trading performance analysis for MAX stock
MediaAlpha Inc [MAX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.09. With this latest performance, MAX shares gained by 3.96% in over the last four-week period, additionally sinking by -9.98% over the last 6 months – not to mention a rise of 1.35% 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 44.68, with the RSI for the last a single of trading hit 47.06, and the three-weeks RSI is set at 42.72 for MediaAlpha Inc [MAX]. The present Moving Average for the last 50 days of trading for this stock 12.51, while it was recorded at 11.48 for the last single week of trading, and 16.19 for the last 200 days.
MediaAlpha Inc [MAX]: A deeper dive into fundamental analysis
MediaAlpha Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.22 and a Current Ratio set at 1.22.
An analysis of Institutional ownership at MediaAlpha Inc [MAX]
There are presently around $57.61%, or 95.92%% of MAX stock, in the hands of institutional investors. The top three institutional holders of MAX stocks are: WHITE MOUNTAINS INSURANCE GROUP LTD with ownership of 17.86 million shares, which is approximately 36.7613%. KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, holding 4.68 million shares of the stock with an approximate value of $$61.63 million in MAX stocks shares; and KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, currently with $$40.58 million in MAX stock with ownership which is approximately 6.3434%.
