Shares of Newsmax Inc. (NYSE:NMAX – Get Free Report) fell 8.8% on Tuesday . The company traded as low as $13.79 and last traded at $13.80. 843,100 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,451,212 shares. The stock had previously closed at $15.13.
Newsmax Price Performance
The business has a fifty day moving average of $19.41.
Newsmax (NYSE:NMAX – Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter. The company had revenue of $45.30 million for the quarter.
Institutional Inflows and Outflows
Newsmax Company Profile
Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).
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