Reported about 23 hours ago
Newsmax, the conservative media network, has experienced significant stock volatility since its IPO, initially peaking at $265 but now trading around $12. Despite a recent revenue growth of 11.6% and a surge in viewers, the company remains unprofitable with considerable losses. Comparatively, its valuation is high against more established peers, suggesting that, for now, investors may be better off avoiding Newsmax stock until it demonstrates improved profitability or lowers its valuation.
Source: YAHOO