While MediaAlpha Inc has overperformed by 4.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAX rose by 174.22%, with highs and lows ranging from $22.81 to $5.08, whereas the simple moving average jumped by 69.16% in the last 200 days.
On February 26, 2024, BMO Capital Markets Upgraded MediaAlpha Inc (NYSE: MAX) to Outperform. A report published by TD Cowen on January 10, 2024, Initiated its previous ‘Outperform’ rating for MAX. Citigroup also Downgraded MAX shares as ‘Sell’, setting a target price of $8 on the company’s shares in a report dated August 04, 2023. BMO Capital Markets Initiated an Market Perform rating on January 20, 2023, and assigned a price target of $10. JP Morgan December 20, 2022d its ‘Neutral’ rating to ‘Overweight’ for MAX, as published in its report on December 20, 2022. Citigroup’s report from February 23, 2022 suggests a price prediction of $14 for MAX shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of MediaAlpha Inc (MAX)
Further, the quarter-over-quarter decrease in sales is -5.51%, showing a negative 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 0.94, 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 345.27K average volume. On a monthly basis, the volatility of the stock is set at 5.18%, whereas on a weekly basis, it is put at 5.82%, with a gain of 10.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.17, showing growth from the present price of $21.06, 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?
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 8.16%. 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 40.69% 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 40.69% at present.
