Newsmax Sees Unusually Large Options Volume (NYSE:NMAX)

Newsmax Inc. (NYSE:NMAX) was the recipient of some unusual options trading on Friday. Stock traders acquired 5,592 call options on the company. This represents an increase of 122% compared to the average daily volume of 2,519 call options.

Trending Headlines about Newsmax

These are some of the NMAX headlines that stood out recently:

• Positive Sentiment: Newsmax reported Q3 revenue of $69 million, up 52.5% year over year and above the cited $50.8 million analyst estimate. Adjusted earnings were $0.12 per share, versus expectations for a loss, with $15.2 million in net income and positive operating cash flow. The results were attributed in part to strong interest in midterm-election coverage. Q3 results
• Positive Sentiment: Freedom Broker upgraded NMAX from “hold” to “buy” and set a $10 price target, adding analyst support after the earnings release. Analyst upgrade
• Neutral Sentiment: Reports give different figures for 2026 revenue guidance: one says Newsmax reaffirmed a $212 million–$216 million range, while another says it updated guidance to $226 million–$230 million, above consensus. The discrepancy makes the outlook difficult to assess from these reports alone. Revenue guidance report

Analyst Ratings Changes

A number of analysts have recently weighed in on NMAX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newsmax in a report on Friday, October 2nd. Freedom Capital upgraded shares of Newsmax from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday. Freedom Broker upgraded shares of Newsmax from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday. Finally, Wall Street Zen downgraded shares of Newsmax from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Newsmax currently has a consensus rating of “Hold” and an average target price of $10.00.

Insider Buying and Selling at Newsmax

In other news, major shareholder Conyers Investments Llc sold 22,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $11.07, for a total transaction of $243,540.00. Following the sale, the insider directly owned 21,965,639 shares of the company’s stock, valued at approximately $243,159,623.73. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 494,886 shares of company stock worth $5,611,995. Corporate insiders own 61.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in shares of Newsmax in the 2nd quarter valued at about $814,000. Great Lakes Advisors LLC bought a new position in shares of Newsmax during the second quarter worth about $123,000. Entropy Technologies LP lifted its stake in shares of Newsmax by 54.7% in the first quarter. Entropy Technologies LP now owns 35,280 shares of the company’s stock worth $184,000 after acquiring an additional 12,480 shares during the period. Arizona State Retirement System acquired a new position in shares of Newsmax in the second quarter worth approximately $98,000. Finally, NewEdge Advisors LLC boosted its holdings in Newsmax by 49.7% in the second quarter. NewEdge Advisors LLC now owns 26,074 shares of the company’s stock valued at $216,000 after acquiring an additional 8,659 shares during the last quarter.

Newsmax Stock Up 28.6%

NYSE NMAX traded up $2.09 on Friday, hitting $9.38. The company’s stock had a trading volume of 3,168,672 shares, compared to its average volume of 1,242,017. Newsmax has a 1-year low of $5.11 and a 1-year high of $12.11. The company’s 50-day moving average is $9.47 and its 200 day moving average is $8.02. The firm has a market cap of $1.21 billion, a PE ratio of -187.04 and a beta of 2.71.

Newsmax (NYSE:NMAX) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.14. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%. The company had revenue of $55.00 million for the quarter. On average, equities analysts expect that Newsmax will post -0.02 EPS for the current year.

Newsmax Company Profile

Newsmax is a multimedia news company that produces and distributes news, opinion and lifestyle content. Its offerings include the Newsmax television network, digital news and video platforms, and print publications such as Newsmax magazine. Founded in 1998 by Christopher Ruddy, the company is based in Boca Raton, Florida. Ruddy serves as Newsmax’s chief executive officer. Newsmax reaches audiences in the United States and abroad through television distribution and its digital platforms, which provide news coverage, commentary and other programming.