From Yahoo Finance: 2025-04-11 13:25:00

Shares of Newsmax (NYSE: NMAX) are down 46% this week, along with chaotic markets. Newsmax lost a defamation case with Dominion Voting Systems, found to have made false claims about rigged votes. The case will go to a jury, potentially leading to a financial penalty like Fox News’ $800 million settlement.

Newsmax’s stock was already falling due to being overvalued. The company lost $72 million on $171 million in sales last year, trading at 19 times sales. In comparison, Fox News’ parent company trades at just 1.5 times sales. The stock may have further to fall, according to experts.

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*Stock Advisor returns as of April 5, 2025. Johnny Rice and The Motley Fool have no positions in the mentioned stocks. For more information, read The Motley Fool’s disclosure policy. Find out more about why Newsmax stock is plummeting this week in the full article by The Motley Fool.

Read more: Why Newsmax Stock Is Plummeting This Week