Newsmax Inc (NYSE: NMAX): Retirees Don’t Worry About Volatility

Newsmax Inc (NYSE:NMAX) currently has a daily average trading volume of 4.38M but it saw 1437646 shares traded in last market. With a market cap of 2.99B USD, the company’s current market price of $23.36 came rising about 1.08 while comparing to the previous closing price of $23.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $265.00 and as low as $14.00. In the recent trading on the day, stock has struck highest price mark of $22.5528 while lowest mark touched by it was $25.64.

Taking a look at 20-day trading activity of Newsmax Inc (NMAX) gives us an average price of $29.31, while its current price level is -91.18% below from 52-week high level whereas it is 66.86% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.63% during that period while stretching the period over a month that increases to 38.52%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.62 which implies that the stock is in neutral territory.

Over the week, NMAX’s stock price is moving 3.45% up while it is -89.97% when we observe its performance for the past one month. Year-to-date it is -72.03% down and over the past year.

Currently, Newsmax Inc’s total number of outstanding shares is 88.95M with 22.19% of that held by the insiders while 25.92% of its common stock has been owned by the institutions.