NMAX
Hot AirNewsmax, Inc. · Communication Services · United States · $1.0B cap · $5.3M/day traded
$7.29 -5.8% · close 12 Nov · scored 13 Nov
Score down 1.6 since 12 Nov: Momentum down 3 after a 6% price fall.
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 13 Nov 2026, the MoatMap Score for Newsmax, Inc. (NMAX) is 19/100, ranked against 25,000+ stocks in 38 markets (Quality 29, Value 17, Momentum 56, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT NEWSMAX, INC.
Read
Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital.
FINANCIAL SUMMARY (USD)
| Year | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135.3M | 171.0M | 189.3M | 18.3% | 203.3M | 214.2M | 239.5M | 12.5% |
| EPS | -1.06 | -0.62 | -0.96 | — | — | — | — | — |
| Shares | 128.4M | 128.4M | 129.1M | +0.6% | — | — | — | — |
| Debt | 12.4M | 8.3M | 9.4M | -13.2% | 11.6M | — | — | — |
| Equity | -23.6M | -9.1M | 106.0M | — | — | — | — | — |
| Op CF | -3.8M | -48.7M | -104.5M | — | -68.3M | — | — | — |
| Inv CF | 5.4M | -58.4M | -53.1M | — | — | — | — | — |
| Fin CF | 0.4M | 125.1M | 154.0M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 87% of stocks we rank over the past year (volatility 77% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend (this stock): None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of NMAX are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| NMAX | Newsmax, Inc.(you) | $1.0B | 19 |
| GTN-A | Gray Media, Inc. | $623M | 24 |
| IHRT | iHeartMedia, Inc. | $289M | 20 |
| FUBO | FuboTV Inc. | $240M | 15 |
| SSP | The E.W. Scripps Company | $200M | 29 |
| XHLD | TEN Holdings, Inc. | $145M | 12 |
| MDIA | MediaCo Holding Inc. | $92M | 16 |
| SBGI | Sinclair, Inc. | $894M | 72 |
| FLZH | Flash Sports & Media Holdings, Inc. | $74M | 13 |
| SGA | Saga Communications, Inc. | $52M | 24 |
Peer medians: ROE 4.5% · P/E 16.3x · Gross margin 55.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.