Want to see MIAX full AI Analyst Report?
MIAX Stock Chart & Stats
$45.17
--
Market closed
$45.17
--
Day’s Range― - ―
52-Week Range$28.63 - $57.14
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.93M
Market Cap
$3.71B
Enterprise Value$2.95B
Total Cash (Recent Filing)$643.90M
Total Debt (Recent Filing)$1.51M
Price to Earnings (P/E)37.9
Beta1.25
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. Volume2,702,906
30 Day Avg. Volume1,926,707
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 Cap0.79
Enterprise Value/Revenue2.09
Enterprise Value/Gross Profit6.53
Enterprise Value/Ebitda31.85
Forecast
1Y Price Target
$51.20Price Target Upside13.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.55
Revenue Forecast (FY)$524.15M
Bulls Say, Bears Say
Bulls Say
Very Low Leverage & Strong EquityMIAX's extremely low leverage and roughly $1.07B of equity provide durable financial flexibility. Negligible debt lowers refinancing and interest risks, enabling the company to fund launches, incentives or opportunistic M&A from internal resources and better absorb cyclical trading volatility.
Robust Cash Flow GenerationSustained OCF (~$218M TTM) and FCF (~$188M TTM) support self-funding of capex, product launches and incentive programs without heavy external financing. Strong FCF growth improves strategic optionality and provides a durable buffer to support investment through slower market periods.
Leading Options Franchise & Share GainsOptions revenue and ADV growth with rising multi-listed market share indicate durable competitive strength in the core business. Higher RPC and growing complex-order capture suggest better order quality and recurring fee streams, supporting steady transaction and non-transaction revenues over time.
Bears Say
Slowing Revenue GrowthTop-line growth has decelerated to ~3.1% TTM after stronger prior expansion. Slower revenue limits operating-leverage gains, raises the hurdle for ROI on new product launches, and makes it harder to absorb higher fixed costs, increasing execution risk over the next several quarters.
Regulatory Fee Reform UncertaintyPending fee-reform represents a structural risk to transaction and market-data revenues. If reforms reduce allowable fees or redistribute revenues across venues, MIAX's fee income, RPC economics and competitive pricing power could be altered, pressuring margins until new dynamics settle.
Planned Higher Operating And Incentive SpendManagement plans elevated marketing, quoting incentives and higher operating expense guidance tied to product launches. If volume and revenue ramps from these investments lag expectations, the permanently higher cost base could compress margins and necessitate sustained growth to justify the spend.
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 $3.71B.
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 131 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
1
2
3
4
5
6
7
8
9
10
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.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 9.1%
Last 30 Days ▼ 9.1%
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. (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
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
LPL Financial
―
Marketaxess Holdings
―
Raymond James Financial
―
Tradeweb Markets
―
Robinhood
―
Ownership Overview
10.76% Insiders
12.31% Mutual Funds
20.52% Other Institutional Investors
48.72% Public Companies and
Individual Investors