Where Will Newsmax Stock Be in 3 Years?
The conservative media company needs to overcome a lot of near-term challenges.
Newsmax (NYSE: NMAX) executed one of a wildest IPOs of 2025. The conservative media company went public at $10 on March 31, but it closed at $83.51 on its first day and nearly tripled to a record closing price of $233 per share the next day. That rally was driven by the company's association with President Donald Trump, its limited supply (it only offered 6% of its shares in its IPO), and the same meme stock dynamics that lifted other Trump-related stocks.
At its peak, Newsmax's market cap swelled to $29 billion, or 170 times the $171 million in revenue it generated in 2024. But today, Newsmax's stock trades at about $13 with a market cap of $1.7 billion, which still isn't a bargain at 10 times last year's sales.
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