Financial losses and legal issues make Newsmax a risky investment.

Newsmax, a conservative media company that lost $55 million in the first half of 2024 on revenue of $80 million, was valued at $16.1 billion at market open Tuesday, its second day as a public company.

On valuation, Newsmax is incredibly expensive, trading with a $2.86 billion market cap, as I write this, while still unprofitable. That values the company at about 17 times 2024 sales.

At Newsmax's stock price late Tuesday, investors were telling one another that the company was worth $15.8 billion. Let's compare that with some other media companies' market caps: ...

In 2024, Newsmax grew total revenue nearly 27%, but its net loss grew by 71% to over $72 million. The stock trades at a market cap of roughly $15.6 billion, which is why I would stay far away from ...

The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as ...

Shares of Newsmax tanked as much as 50% to below $120 by late morning Wednesday before recovering slightly to a 45% loss, shedding more than $10 billion in value as its market capitalization ...

Newsmax lost $55 million in the first half of last year. But its stock surged this week as shares in the company traded on the public market for the first time.

Patriot.TV Ascends while Conservative Media Viewership Soars for FOX (FOX), Newsmax (NMAX), and Sinclair (SBGI), While ...

Newsmax Inc. (NYSE: NMAX) shares are ripping higher again on Tuesday as the stock continues to gain momentum following its explosive IPO debut.