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MIAX Stock Chart & Stats
$42.39
$0.64(1.50%)
At close: 4:00 PM EDT
$42.39
$0.64(1.50%)
Day’s Range― - ―
52-Week Range$29.06 - $57.14
Previous Close$43.42
Volume1.24M
Average Volume (3M)1.87M
Market Cap
$3.37B
Enterprise Value$3.33B
Total Cash (Recent Filing)$660.46M
Total Debt (Recent Filing)$1.51M
Price to Earnings (P/E)18.2
Beta0.96
Next Earnings
Oct 29, 2026EPS Estimate
0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.87
Shares Outstanding99,230,896
10 Day Avg. Volume1,624,936
30 Day Avg. Volume1,865,429
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)3.52
Price to Sales (P/S)2.27
P/FCF Ratio21.37
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue2.27
Enterprise Value/Gross Profit6.84
Enterprise Value/Ebitda35.61
Forecast
1Y Price Target
$47.40Price Target Upside11.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.69
Revenue Forecast (FY)$538.63M
Bulls Say, Bears Say
Bulls Say
Revenue And Profitability GrowthRecord revenue growth combined with sharply higher adjusted EBITDA and margins indicates stronger operating leverage and product adoption. If sustained, this improvement can support reinvestment in exchange technology, broaden market reach, and strengthen MIAX’s earnings capacity over the coming quarters.
Balance Sheet And Cash GenerationThe substantial cash position and negligible debt provide financial flexibility to fund technology, new products, and clearing initiatives without relying heavily on external financing. Robust operating and free cash flow also support earnings quality and resilience through changes in trading conditions.
Product Expansion And Technology AdvantageThe long-term Bloomberg license expands MIAX’s addressable product offering while its clearing arrangement and low-latency infrastructure support commercialization. Broader futures capabilities and technology designed for market-maker participation could deepen customer relationships and create additional recurring market-service revenue.
Bears Say
Market Share And RPC NormalizationThe decline in options market share signals competitive pressure in MIAX’s core venue, while management’s expected RPC normalization removes support from an unusually strong quarter. Together, these factors could restrain revenue growth and make near-term earnings less representative of the underlying run rate.
Nascent Futures MonetizationThe new futures platform has strategic potential but has not yet produced meaningful incremental revenue. Early-stage distribution and adoption create execution risk, and continued investment may precede monetization, delaying diversification benefits and leaving results reliant on the established options business.
Operating Expense And Compensation PressureHigher operating expenses and increased share-based compensation can absorb part of the revenue benefit from strong trading activity, limiting margin conversion. Advertising, promotion, and headcount investments may be necessary for growth, but they raise the cost base and increase the execution required to sustain profitability.
Miami International Holdings, Inc. News
MIAX FAQ
What was Miami International Holdings, Inc.’s price range in the past 12 months?
Miami International Holdings, Inc. lowest stock price was $29.06 and its highest was $57.14 in the past 12 months.
What is Miami International Holdings, Inc.’s market cap?
Miami International Holdings, Inc.’s market cap is $3.37B.
When is Miami International Holdings, Inc.’s upcoming earnings report date?
Miami International Holdings, Inc.’s upcoming earnings report date is Oct 29, 2026 which is in 4 days.
How were Miami International Holdings, Inc.’s earnings last quarter?
Miami International Holdings, Inc. released its earnings results on Aug 05, 2026. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.408 by $0.072.
Is Miami International Holdings, Inc. overvalued?
According to Wall Street analysts Miami International Holdings, Inc.’s price is currently Undervalued.
Does Miami International Holdings, Inc. pay dividends?
Miami International Holdings, Inc. does not currently pay dividends.
What is Miami International Holdings, Inc.’s EPS estimate?
Miami International Holdings, Inc.’s EPS estimate is 0.38.
How many shares outstanding does Miami International Holdings, Inc. have?
Miami International Holdings, Inc. has 99,230,896 shares outstanding.
What happened to Miami International Holdings, Inc.’s price movement after its last earnings report?
Miami International Holdings, Inc. reported an EPS of $0.48 in its last earnings report, beating expectations of $0.408. Following the earnings report the stock price went down -1.088%.
Which hedge fund is a major shareholder of Miami International Holdings, Inc.?
Currently, no hedge funds are holding shares in MIAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Miami International Holdings, Inc. Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$47.40 (11.82% Upside)
$47.40 (11.82% Upside)
Blogger Sentiment
Neutral
MIAX Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 254.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $230.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.04%
12-Months-Change
Fundamentals
Return on Equity
14.49%
Trailing 12-Months
Asset Growth
56.66%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Miami International Holdings, Inc.
Miami International Holdings, Inc. (MIAX) is a financial services corporation that operates diverse marketplaces through its various subsidiaries, facilitating trading across options, futures, and cash equities. Its extensive options suite encompasses MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire. For U.S. equities, it provides MIAX Pearl Equities. The company's offerings extend to U.S. futures and their corresponding options traded on MIAX Futures, a platform that also facilitates transactions in hard red spring wheat products. Furthermore, MIAX supports international listings via BSX and TISE. Beyond market operation, MIAX also delivers essential post-trade services. This includes comprehensive clearing for U.S. futures and options through MIAX Futures Clearing, alongside its ownership of Dorman Trading. Dorman Trading, a full-service futures commission merchant, provides execution and clearing services for a broad client base, including introducing brokers, retail investors, institutional firms, and professional traders. Established in 2007, Miami International Holdings, Inc. maintains its headquarters in Princeton, New Jersey.
MIAX Company Deck
MIAX Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record net revenue, materially improved margins, robust options volume growth, successful product launches (Bloomberg futures) and a strong balance sheet. Key near-term challenges include market-share variability, RPC normalization risk, early-stage futures monetization and higher operating and share-based compensation. Management provided proactive cost guidance and clear commercialization plans for new products, and the positives (large revenue and margin gains, product launches, healthy cash position) notably outweigh the modest execution and modeling risks.View all MIAX earnings summariesMIAX Stock 12 Month Forecast
Average Price Target
$47.40
▲(11.82% Upside)
Technical Analysis
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Ownership Overview
11.73% Insiders
11.77% Mutual Funds
0.46% Other Institutional Investors
62.58% Public Companies and
Individual Investors