MIAX
Bearish signalScored 2026-10-04 Drivers: Congress, trend, fundamentals. Insiders: neutral. Moteurs : Congrès, tendance, fondamentaux. Initiés : neutre.
Research, not advice.
À propos
Miami International Holdings, Inc.
- Nom
- Miami International Holdings, Inc.
- Secteur
- Financial Services
- Industrie
- Financial - Capital Markets
- Bourse
- NYSE
- Capitalisation
- $3.4B
- Employés
- 439
- PDG
- Thomas Gallagher
- Site web
- https://www.miaxglobal.com
- Marché
- BKKTCNCKCRCLDFINHOODIBKR
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.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 12 063 titres (~522 975,40 $ US)
- Insiders
- Teekell Judson GraySchwarzkopf CynthiaEckert Kurt M.
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$14,028,094
Avg sell (VWAP, 90d window) $41.85 vs last close $29.72 (-29.0%)
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$14,028,094 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-09-02
- Liquidity
- Liquid $61,416,466/day · 20d vol
- Last synced
-
2026-10-14 21:10:40
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-02 | Schafer Douglas M. JR | Sell · S · 10b5-1 | 40,000 | $33.34 | $1,333,600 | Form 4 |
| 2026-09-16 | Brown Shelly | Sell · S · 10b5-1 | 21,217 | $38.61 | $819,188 | Form 4 |
| 2026-09-03 | Deitzel Edward | Sell · S · 10b5-1 | 11,000 | $42.21 | $464,310 | Form 4 |
| 2026-09-02 | Comly Barbara J. | Sell · S · 10b5-1 | 44,445 | $40.49 | $1,799,578 | Form 4 |
| 2026-09-02 | Schafer Douglas M. JR | Sell · S · 10b5-1 | 48,000 | $40.48 | $1,943,040 | Form 4 |
| 2026-09-02 | Teekell Judson Gray | Sell · S · 10b5-1 | 3,000 | $40.89 | $122,670 | Form 4 |
| 2026-08-17 | Emmons Lance | Sell · S · 10b5-1 | 35,000 | $42.83 | $1,499,050 | Form 4 |
| 2026-08-17 | Schwarzkopf Cynthia | Sell · S · 10b5-1 | 5,000 | $42.85 | $214,250 | Form 4 |
| 2026-08-04 | Comly Barbara J. | Sell · S · 10b5-1 | 44,445 | $45.69 | $2,030,692 | Form 4 |
| 2026-08-04 | Deitzel Edward | Sell · S · 10b5-1 | 11,000 | $45.78 | $503,580 | Form 4 |
| 2026-08-04 | Eckert Kurt M. | Sell · S · 10b5-1 | 1,063 | $45.80 | $48,685 | Form 4 |
| 2026-08-04 | Jayabalan Harish | Sell · S · 10b5-1 | 20,000 | $45.90 | $918,000 | Form 4 |
| 2026-08-04 | Schafer Douglas M. JR | Sell · S · 10b5-1 | 48,000 | $45.71 | $2,194,080 | Form 4 |
| 2026-08-04 | Teekell Judson Gray | Sell · S · 10b5-1 | 3,000 | $45.79 | $137,370 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Bearish signalScored 2026-10-04 Drivers: Congress, trend, fundamentals. Insiders: neutral. Moteurs : Congrès, tendance, fondamentaux. Initiés : neutre.
MIAX presents a deeply unfavorable risk/reward profile: despite an anomalously high liquidity score (95), the underlying fundamentals are structurally weak with negative EBITDA, erratic profitability, and a negative…
The first sentence of the analysis written for MIAX on 2026-10-04 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. – Insider: neutral. All sales (≈ $11.4M) were pre-planned Rule 10b5-1 trades, excluded from the score. No open-market buys or discretionary sales. – Initiés : neutre. Toutes les ventes (≈ $11.4M) sont sous plan 10b5-1 préétabli, exclues du score. Aucun achat ni vente discrétionnaire.
- Congress Unavailable or mixed. Purchase disclosures on file are thin
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Supports a bullish reading. Current ratio 491.63 · operating margin 2.7%
Suggested stop 27.55, 1.5 ATR under the last close(7.3% under the last close). Reward/risk to the next stored resistance is 5.96. Research, not advice. Not an order.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 27.3% | 24.2% | 22.3% | 24.5% | 24.1% | |
| Ebit Margin | -4.1% | 10.4% | -0.3% | 9.0% | -9.5% | |
| Ebitda Margin | -1.9% | 12.5% | 1.7% | 11.6% | -6.7% | |
| Operating Profit Margin | 2.7% | -0.2% | -0.3% | 0.7% | 3.2% | |
| Pretax Profit Margin | -5.0% | 9.2% | -2.1% | 6.3% | -12.1% | |
| Continuous Operations Profit Margin | -5.1% | 8.9% | -2.1% | 7.2% | -12.4% | |
| Net Profit Margin | -5.1% | 9.0% | -2.0% | 7.2% | -12.4% | |
| Bottom Line Profit Margin | -5.1% | 9.0% | -2.0% | 7.2% | -12.4% | |
| Current Ratio | 491.625 | 1.414 | 0.860 | 1.217 | 1.689 | |
| Quick Ratio | 491.625 | 1.414 | 0.860 | 1.217 | 1.689 | |
| Solvency Ratio | -0.107 | 0.207 | 0.000 | 0.103 | -0.112 | |
| Cash Ratio | 338.018 | 0.371 | 0.132 | 0.321 | 0.866 | |
| Price To Earnings Ratio | -44.380 | 23.829 | -118.231 | 42.694 | -26.051 | |
| Price To Earnings Growth Ratio | 0.250 | -0.040 | 0.869 | -0.265 | -0.134 | |
| Forward Price To Earnings Growth Ratio | 0.250 | -0.040 | 0.869 | -0.265 | -0.134 | |
| Price To Earnings Diluted Ratio | -44.380 | 23.829 | -118.231 | 42.694 | -26.051 | |
| Price To Earnings Diluted Growth Ratio | 0.250 | -0.040 | 0.869 | -0.265 | -0.134 | |
| Price To Book Ratio | 3.518 | 6.642 | 14.831 | 8,977.360 | -21.535 | |
| Price To Sales Ratio | 2.272 | 2.142 | 2.346 | 3.060 | 3.249 | |
| Price To Free Cash Flow Ratio | 21.368 | 33.712 | -32.519 | 24.035 | 395.696 | |
| Price To Operating Cash Flow Ratio | 18.467 | 21.912 | -49.636 | 20.076 | 100.778 | |
| Debt To Assets Ratio | 0.001 | 0.045 | 0.171 | 0.201 | 0.311 | |
| Debt To Equity Ratio | 0.002 | 0.119 | 0.747 | 558.504 | -1.470 | |
| Debt To Capital Ratio | 0.002 | 0.106 | 0.428 | 0.998 | 3.128 | |
| Long Term Debt To Capital Ratio | 0.000 | 0.081 | 0.036 | 0.998 | 4.177 | |
| Financial Leverage Ratio | 1.430 | 2.649 | 4.372 | 2,777.107 | -4.721 | |
| Working Capital Turnover Ratio | 3.006 | 21.749 | 91.872 | 7.481 | 11.751 | |
| Operating Cash Flow Ratio | 111.295 | 0.275 | -0.110 | 0.309 | 0.130 | |
| Operating Cash Flow Sales Ratio | 0.123 | 0.098 | -0.047 | 0.152 | 0.032 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.864 | 0.650 | 1.526 | 0.835 | 0.255 | |
| Debt Service Coverage Ratio | -1.929 | 7.443 | 0.141 | 1.846 | -1.551 | |
| Interest Coverage Ratio | 2.837 | -0.202 | -0.152 | 0.244 | 1.229 | |
| Short Term Operating Cash Flow Coverage Ratio | 111.295 | 23.377 | -0.438 | 3.801 | 1.615 | |
| Operating Cash Flow Coverage Ratio | 111.295 | 2.544 | -0.400 | 0.801 | 0.145 | |
| Capital Expenditure Coverage Ratio | 7.364 | 2.857 | -1.900 | 6.071 | 1.342 | |
| Dividend Paid And Capex Coverage Ratio | 7.364 | 2.857 | -1.900 | 6.071 | 1.342 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | -98.468 | 16.399 | 140.479 | 26.730 | -48.742 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 27.3% | ▲3.1% | ▲2.8% |
| Ebit Margin | -4.1% | ▼-14.5% | ▼-5.2% |
| Ebitda Margin | -1.9% | ▼-14.4% | ▼-5.4% |
| Operating Profit Margin | 2.7% | ▲2.9% | ▲1.5% |
| Pretax Profit Margin | -5.0% | ▼-14.2% | ▼-4.3% |
| Continuous Operations Profit Margin | -5.1% | ▼-14.1% | ▼-4.4% |
| Net Profit Margin | -5.1% | ▼-14.1% | ▼-4.5% |
| Bottom Line Profit Margin | -5.1% | ▼-14.1% | ▼-4.5% |
| Current Ratio | 491.625 | ▲490.212 | ▲392.264 |
| Quick Ratio | 491.625 | ▲490.212 | ▲392.264 |
| Solvency Ratio | -0.107 | ▼-0.315 | ▼-0.126 |
| Cash Ratio | 338.018 | ▲337.647 | ▲270.076 |
| Price To Earnings Ratio | -44.380 | ▼-68.210 | ▼-19.953 |
| Price To Earnings Growth Ratio | 0.250 | ▲0.290 | ▲0.114 |
| Forward Price To Earnings Growth Ratio | 0.250 | ▲0.290 | ▲0.114 |
| Price To Earnings Diluted Ratio | -44.380 | ▼-68.210 | ▼-19.953 |
| Price To Earnings Diluted Growth Ratio | 0.250 | ▲0.290 | ▲0.114 |
| Price To Book Ratio | 3.518 | ▼-3.124 | ▼-1792.646 |
| Price To Sales Ratio | 2.272 | ▲0.130 | ▼-0.342 |
| Price To Free Cash Flow Ratio | 21.368 | ▼-12.344 | ▼-67.090 |
| Price To Operating Cash Flow Ratio | 18.467 | ▼-3.445 | ▼-3.853 |
| Debt To Assets Ratio | 0.001 | ▼-0.044 | ▼-0.145 |
| Debt To Equity Ratio | 0.002 | ▼-0.117 | ▼-111.579 |
| Debt To Capital Ratio | 0.002 | ▼-0.105 | ▼-0.931 |
| Long Term Debt To Capital Ratio | 0.000 | ▼-0.081 | ▼-1.058 |
| Financial Leverage Ratio | 1.429 | ▼-1.219 | ▼-554.738 |
| Working Capital Turnover Ratio | 3.006 | ▼-18.743 | ▼-24.166 |
| Operating Cash Flow Ratio | 111.295 | ▲111.020 | ▲88.915 |
| Operating Cash Flow Sales Ratio | 0.123 | ▲0.025 | ▲0.051 |
| Free Cash Flow Operating Cash Flow Ratio | 0.864 | ▲0.214 | ▲0.038 |
| Debt Service Coverage Ratio | -1.929 | ▼-9.371 | ▼-3.119 |
| Interest Coverage Ratio | 2.837 | ▲3.039 | ▲2.046 |
| Short Term Operating Cash Flow Coverage Ratio | 111.295 | ▲87.918 | ▲83.365 |
| Operating Cash Flow Coverage Ratio | 111.295 | ▲108.751 | ▲88.418 |
| Capital Expenditure Coverage Ratio | 7.364 | ▲4.507 | ▲4.218 |
| Dividend Paid And Capex Coverage Ratio | 7.364 | ▲4.507 | ▲4.218 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | -98.469 | ▼-114.868 | ▼-105.748 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $3.10B | $2.44B | $2.44B | $2.44B | $2.44B | |
| Enterprise value | $2.59B | $2.34B | $2.51B | $2.47B | $2.45B | |
| EV / Sales | 1.90x | 2.05x | 2.41x | 3.09x | 3.26x | |
| EV / Op. cash flow | 15.44x | 20.96x | -50.93x | 20.29x | 101.02x | |
| EV / Free cash flow | 17.86x | 32.24x | -33.37x | 24.29x | 396.63x | |
| EV / EBITDA | -98.47x | 16.40x | 140.48x | 26.73x | -48.74x | |
| Net debt / EBITDA | 19.31x | -0.75x | 3.57x | 0.28x | -0.12x | |
| Current ratio | 491.62x | 1.41x | 0.86x | 1.22x | 1.69x | |
| Income quality | -2.40x | 1.09x | 2.30x | 2.12x | -0.26x | |
| Graham number | — | $12 | — | $0 | — | |
| Graham net-net | $4 | -$4 | -$5 | -$6 | -$6 | |
| Tax burden | 102.1% | 97.2% | 94.7% | 114.9% | 103.1% | |
| Interest burden | 123.1% | 88.3% | 691.0% | 69.6% | 127.1% | |
| Working capital | $739.9M | $167.6M | -$62.8M | $85.4M | $127.9M | |
| Invested capital | $1.06B | $420.9M | $176.0M | $301.0M | $312.7M | |
| Return on assets | -5.6% | 10.5% | -2.9% | 7.6% | -17.5% | |
| Operating ROA | 3.3% | -0.3% | -0.4% | 0.8% | 5.0% | |
| Return on tangible assets | -7.1% | 13.2% | -4.0% | 9.8% | -23.9% | |
| Return on equity | -7.9% | 27.8% | -12.7% | 21159.2% | 82.4% | |
| Return on invested capital | 2.9% | -0.5% | -0.7% | 1.3% | 6.5% | |
| Return on capital employed | 2.9% | -0.5% | -1.1% | 1.5% | 6.8% | |
| Earnings yield | -2.3% | 4.2% | -0.9% | 2.4% | -3.8% | |
| Free cash flow yield | 4.7% | 3.0% | -3.1% | 4.2% | 0.3% | |
| Capex / Op. cash flow | 13.6% | 35.0% | -52.6% | 16.5% | 74.5% | |
| Capex / Depreciation | 754.9% | 166.9% | 123.1% | 98.8% | 85.8% | |
| Capex / Sales | 1.7% | 3.4% | 2.5% | 2.5% | 2.4% | |
| SG&A / Sales | 19.9% | 19.8% | 18.2% | 18.9% | 16.3% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 4.2% | 3.8% | 2.9% | 2.8% | 2.4% | |
| Intangibles / Total assets | 21.4% | 20.6% | 27.0% | 22.6% | 27.1% | |
| Days sales outstanding | 62d | 74d | 63d | 72d | 28d | |
| Days payables outstanding | 0d | 70d | 64d | 69d | 4d | |
| Operating cycle | 62d | 74d | 63d | 72d | 28d | |
| Cash conversion cycle | 62d | 4d | -1d | 3d | 25d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-09-07 Miami International (NYSE:MIAX) EVP Sells $1,799,578.05 in Stock Miami International Holdings, Inc. (NYSE: MIAX - Get Free Report) EVP Barbara Comly sold 44,445 shares of the firm''s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $40.49, for a total transaction of $1,799,578.05. Following the completion of the sale, the executive vice president owned 839,564 shares
- 2026-09-07 Miami International (NYSE:MIAX) CEO Sells $1,994,210.00 in Stock Miami International Holdings, Inc. (NYSE: MIAX - Get Free Report) CEO Thomas Gallagher sold 47,000 shares of the firm''s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $42.43, for a total value of $1,994,210.00. Following the completion of the transaction, the chief executive officer directly owned 1,423,275
- 2026-09-07 Insider Selling: Miami International (NYSE:MIAX) EVP Sells $1,943,040.00 in Stock Miami International Holdings, Inc. (NYSE: MIAX - Get Free Report) EVP Douglas Schafer, Jr. sold 48,000 shares of the firm''s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $40.48, for a total transaction of $1,943,040.00. Following the sale, the executive vice president owned 387,414 shares of the
- 2026-09-04 Miami International Holdings Reports August 2026 Trading Results MIAX Exchange Group reports 25.5% increase in multi-list options ADV YTD PRINCETON, N.J. and MIAMI, Sept.
- 2026-09-01 Here Are Tuesday’s Top Wall Street Analyst Research Calls: Akamai Technologies, Arista Networks, Booking Holdings, Cisco Systems, Dell Technologies, Duolingo, Robinhood Markets, PG&E, and More Wall Street analysts reshuffled their ratings on September 1st with some dramatic target price swings, including one major utility stock getting its target slashed nearly in half while a red-hot language app saw its target doubled overnight.
- 2026-09-01 Canada Pension Plan Investment Board Acquires Shares of 44,500 Miami International Holdings, Inc. $MIAX Canada Pension Plan Investment Board bought a new stake in Miami International Holdings, Inc. (NYSE: MIAX) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 44,500 shares of the company''s stock, valued at approximately $1,654,000. Other hedge funds have also
- 2026-08-24 Murray Stahl Expands RENN Fund Inc (RCG) Stake in Contrarian Bet On Aug. 18, 2026, Murray Stahl (Trades, Portfolio), through Horizon Kinetics, increased the firm''s position in RENN Fund Inc (NYSE: RCG, Financial) by 756 shares
- 2026-08-13 TISE Reports H1 2026 Listing Results; Sets Records for Total Number and Value of Listings GUERNSEY, Channel Islands, Aug. 13, 2026 /PRNewswire/ -- The International Stock Exchange (TISE), a wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), today announced that it listed 442 new securities during the first six months of 2026. This brings the total number of listings to a record 4,861 securities on TISE''s Official List at 30 June 2026, an increase of 6.6% YoY.
- 2026-08-11 Murray Stahl Expands RENN Fund Inc Stake Despite Weak Growth Metrics On Aug. 4, 2026, Murray Stahl (Trades, Portfolio), through Horizon Kinetics, increased the firm''s position in RENN Fund Inc (NYSE: RCG) by purchasing 756 additio
- 2026-08-11 Miami International Stock Is Up Big Since Its Debut. Is It a Buy as Insiders Trim? Teekell''s $137,370 disposition was executed under a Rule 10b5-1 trading plan adopted several months prior.