At its peak, Newsmax's market cap reached $29 billion, or nearly 170 times the $171 million in revenue it generated in 2024.

Newsmax, founded as a digital brand in 1998 ... This is far removed from typical industry metrics, further reinforcing the "meme stock" characterization, where market sentiment and momentum ...

“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...

Newsmax's meme-fueled IPO surge has collapsed, leaving the stock overvalued and fundamentally detached from its weak financials and persistent losses. Legal risks, especially the Dominion ...

The stock's rise may be due to the limited shares offered in the 'mini IPO.' Newsmax has cemented its status as a meme stock following its IPO debut on Monday. The stunning rally for shares of the ...

Newsmax Inc. shares have surged 17x since its recent IPO, driven by a limited float and meme stock dynamics, not fundamentals. NMAX's $22 billion market cap is unjustifiable compared to Fox Corp ...

Newsmax sold 7.5 million shares in its IPO and the company quickly reached meme stock status. About 11 million shares changed hands on Tuesday. "There's not a lot of stock to trade in the market ...

Newsmax stock plunged 77% to $52.71 on Wednesday ... I think that makes it susceptible to these big moves and has that meme stock characteristic," Paul Hickey, a cofounder of Bespoke Investment ...

Newsmax suddenly has a lot of capital to expand. But the market’s overexuberance has some media outlets calling it a “meme stock.” The stock closed Monday at $83.51 and nearly tripled in ...