Newsmax Stock Plummeted Today — Is Now the Time to Buy?
From Nasdaq: 2025-06-05 19:22:00
Newsmax (NYSE: NMAX) stock saw a 10.5% drop in Thursday’s trading, outpacing the S&P 500 and Nasdaq. Sell-offs intensified due to tariff concerns and macroeconomic risks, not specific to Newsmax. The stock’s market cap now stands at $2.1 billion, 12.3 times its $171 million revenue, making it a risky investment.
Newsmax is often included in the “Trump trade” stocks group, but recent criticism from Elon Musk led to a 14.3% Tesla stock drop, affecting others in the group. Newsmax’s 81% IPO decline and revenue growth of 12% year over year suggest a risky investment with potential negative outcomes from civil suits.
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