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: ...

Almost by default, Newsmax looks to be the better option right now. Its valuation is lower, and its business is growing quickly. But with steep losses, it's not a safe stock to own either.

Newsmax's stunning debut echoes Trump Media's debut on Nasdaq in March 2024, when the stock surged as much as 59% on its first day of trade. Trump Media had merged with Digital World Acquisition ...

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are ...

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