Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate MediaAlpha Inc before investing.

In this article, we go over a few key elements for understanding MediaAlpha Inc’s stock price such as:

• MediaAlpha Inc’s current stock price and volume
• Why MediaAlpha Inc’s stock price changed recently
• Upgrades and downgrades for MAX from analysts
• MAX’s stock price momentum as measured by its relative strength

About MediaAlpha Inc (MAX)

Before we jump into MediaAlpha Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

MediaAlpha, Inc. is an online customer acquisition channel in property and casualty (P&C;) insurance, health insurance and life insurance. Its technology platform brings insurance carriers and high-intent consumers together through a real-time, programmatic, transparent, and results-driven ecosystem. Its platform is a set of predictive analytics algorithms that incorporate various variables to generate conversion probabilities for each consumer. The Company’s platform allows buyers to fully integrate first-party consumer data to enhance targeting parameters, bidding granularity and conversion tracking. Its search and conversion datasets enable automated, algorithmic customer acquisition optimizations. It offers a self-service model, which enables its partners to directly manage the buying and selling process independently. Through its platform, its insurance carrier partners can target and price across over 35 separate consumer attributes to manage customized acquisition strategies.

Want to learn more about MediaAlpha Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about MediaAlpha Inc.

MediaAlpha Inc’s Stock Price as of Market Close

As of June 24, 2024, 4:00 PM, CST, MediaAlpha Inc’s stock price was $15.34.

MediaAlpha Inc is down 5.37% from its previous closing price of $16.21.

During the last market session, MediaAlpha Inc’s stock traded between $15.80 and $16.56. Currently, there are 48.57 million shares of MediaAlpha Inc stock available for purchase.

Unfortunately, MediaAlpha Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

MediaAlpha Inc Stock Price History

MediaAlpha Inc’s (MAX) price is currently down 13.72% so far this month.

During the month of June, MediaAlpha Inc’s stock price has reached a high of $18.73 and a low of $14.81.

Over the last year, MediaAlpha Inc has hit prices as high as $25.78 and as low as $7.62. Year to date, MediaAlpha Inc’s stock is up 54.17%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused MediaAlpha Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 21, 2024, there were 0 analysts who downgraded MediaAlpha Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate MediaAlpha Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on MediaAlpha Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

MediaAlpha Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about MediaAlpha Inc (MAX) by visiting AAII Stock Evaluator.

Relative Price Strength of MediaAlpha Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 21, 2024, MediaAlpha Inc has a weighted four-quarter relative price strength of 6.06%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

Want to learn more about how MediaAlpha Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

MediaAlpha Inc Stock Price: Bottom Line

As of June 24, 2024, MediaAlpha Inc’s stock price is $15.34, which is down 5.37% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like MediaAlpha Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.