Newsmax Inc.'s shares have seen a significant surge of 735% in their debut session following the company's initial public offering. This surge has been supported by individual investors and marks the best first-day performance since 2022. The stock closed at $83.51 each on Monday after repeated halts for volatility. The company managed to raise $75 million in its offering by selling 7.5 million shares at $10 each, giving the company a market value of $10.7 billion.

Newsmax, Inc (NMAX), a U.S. cable news network, had an impressive debut on the NYSE, with its stock surging 735% and becoming the top trending ticker on Stocktwits. Starting at $14, the shares, initially priced at $10 in the IPO, closed at $83.51. This rally propelled Newsmax's market capitalization to $10.7 billion, surpassing New York Times' $8.1 billion. However, retail investors have a highly bearish view.

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Newsmax Inc., a digital media brand that entered the cable news market in 2014, has seen impressive growth and is now the fourth highest-rated cable news channel in the U.S. The company has seen considerable ratings growth, with a 42% increase in prime-time viewers in 2023 and a further 137% increase in Q1 2024. The company reaches over 40 million Americans each month and has seen a 332% increase in revenues since 2019.

1) Brief Summary: Unfortunately, there is not enough detailed financial data provided to conduct a comprehensive analysis. The provided metrics lack key information such as performance over the month, quarter, year, or any information about the company's sales. The company has a substantial trading volume and has 400 employees. The Average True Range (ATR) is at 69.51, suggesting potential volatility. The moving averages (SMA20, SMA50, SMA200) are all at 0.00%. There has been no recent insider trading activity. The closing price is at 83.51. 2) MARKET_SCORE: Due to insufficient data, it is not possible to accurately calculate the likelihood of an upward move, therefore, MARKET_SCORE: N/A

3) PRICE_TARGET: Without comprehensive financial and performance data, a reliable price target cannot be established, thus, PRICE_TARGET: N/A

4) AI_RPT_HEADLINE: "Insufficient Data Hampers Comprehensive Financial Analysis"

As a financial analyst, I would choose -> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes. This additional data would provide me with detailed information about the company's financial health, operational changes, and potential risks which could significantly improve the accuracy of my analysis.

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