Miami International Holdings, Inc. (MIAX)
NYSE:MIAX
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MIAX Stock Chart & Stats
$45.17
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Market closed
$45.17
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Day’s Range― - ―
52-Week Range$28.63 - $57.14
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.17M
Market Cap
$3.83B
Enterprise Value$3.84B
Total Cash (Recent Filing)$643.90M
Total Debt (Recent Filing)$1.51M
Price to Earnings (P/E)29.9
Beta0.98
Next Earnings
Nov 11, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.03
Shares Outstanding94,907,090
10 Day Avg. Volume1,146,822
30 Day Avg. Volume1,173,094
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 Cap1.00
Enterprise Value/Revenue2.73
Enterprise Value/Gross Profit8.83
Enterprise Value/Ebitda41.55
Forecast
1Y Price Target
$51.20Price Target Upside13.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.45
Revenue Forecast (FY)$508.48M
Bulls Say, Bears Say
Bulls Say
Very Conservative Balance SheetExtremely low leverage and materially larger equity provide durable financial flexibility. With negligible debt and a strengthened equity base, MIAX can fund strategic initiatives, support product launches or M&A, and absorb market shocks without needing external financing.
Strong Free Cash Flow GenerationRobust free cash flow in the latest period underpins organic investment, product rollout and opportunistic capital deployment. Persistent cash generation reduces reliance on debt, sustains reinvestment and supports shareholder optionality over the medium term.
Growing Options Franchise And Market ShareOutpacing industry ADV and rising market share reflect durable competitive traction in options. Higher RPC and complex order capture suggest sticky, higher-quality flow and recurring revenue potential from trading and market-data products.
Bears Say
Revenue Growth Deceleration And VolatilitySlowing top-line growth and historical earnings/cash-flow swings weaken forecasting visibility and constrain sustainable operating-leverage gains. This makes long-term margin expansion and capital allocation planning less predictable across business cycles.
Regulatory Fee Reform UncertaintyPending fee-structure changes could materially alter per-contract economics, market-data and transaction revenues. Unclear final rates hinder budgeting and could structurally compress revenue per contract and exchange margins if reform reduces fee levers.
Rising Operating Spend And Early Product RampManagement is front-loading marketing, incentives and headcount to support new futures and product launches. Until adoption scales, higher recurring expense runs the risk of pressuring margins and free cash flow despite eventual revenue benefits being uncertain and early-stage.
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 $28.63 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 $3.83B.
When is Miami International Holdings, Inc.’s upcoming earnings report date?
Miami International Holdings, Inc.’s upcoming earnings report date is Nov 11, 2026 which is in 159 days.
How were Miami International Holdings, Inc.’s earnings last quarter?
Miami International Holdings, Inc. released its earnings results on May 06, 2026. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.366 by $0.054.
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 for its next earnings report is not yet available.
How many shares outstanding does Miami International Holdings, Inc. have?
Miami International Holdings, Inc. has 94,907,090 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 $0.42 in its last earnings report, beating expectations of $0.366. Following the earnings report the stock price went up 4.362%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$51.20 (13.35% Upside)
$51.20 (13.35% Upside)
Blogger Sentiment
Bullish
MIAX Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 56.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $622.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 1.6%
Last 30 Days ▼ 3.2%
Last 30 Days ▼ 3.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Fundamentals
Return on Equity
15.22%
Trailing 12-Months
Asset Growth
56.35%
Trailing 12-Months
Company Description
Miami International Holdings, Inc.
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades hard red spring wheat futures and options on MIAX Futures; offers clearing services for U.S. futures and options through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey
MIAX Company Deck
MIAX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive view: MIAX reported record revenue, double-digit volume growth, sizable adjusted EBITDA expansion and a strong cash position, while executing strategic initiatives such as the Bloomberg futures launch and international integration. Notable cautions include one-time GAAP gains and tax items inflating reported net income, a Q1 decline in futures revenue, higher operating and marketing spend planned for product launches, episodic market-data revenue, and regulatory uncertainty around fee reform. Management frames most negatives as manageable or early-stage risks while emphasizing durable secular tailwinds and operating leverage.View all MIAX earnings summariesMIAX Stock 12 Month Forecast
Average Price Target
$51.20
▲(13.35% Upside)
Technical Analysis
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Ownership Overview
15.31% Insiders
11.70% Mutual Funds
20.52% Other Institutional Investors
46.95% Public Companies and
Individual Investors