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MIAX

Miami InternationalF
NYSE / Financial Services
Last Price
Quote time unavailable
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Current thesis
MIAX wins share in U.S. options and market-data distribution while monetizing low-cost matching technology; revenue and margins expand and support multiple expansion to ~12x forward EBITDA.
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta 0.0.
What can break
Decline in options volumes
Momentum
17
Value
40
Sentiment
25
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $8.50 · Bull $11.00 · Bear $6.00Analysis 2025-11-04; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2025-11-04 • Model: RankAlpha Sentiment AI
Investment thesis
As of 2026-09-09

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions

Supporting evidence
What
Grade F · Defensive
Confidence Medium · Net Neutral
Target $51.40
Why
Momentum17 · Δ7d -6.1
Value40 · Δ7d +0.6
Sentiment25 · Δ7d 0.0
So what
Weak posture (Net Neutral). Prioritize risk control and patience.

Confirming evidence

  • • Sentiment remains the lead driver in the composite, 7D delta 0.0.

Contradictions & invalidation

  • • Decline in options volumes
  • • Exchange fee compression
  • • Price competition or regulatory limits on fees reduce transaction and data revenue; growth stalls and multiples re-rate toward smaller exchange peers.

Catalyst clock

No dated catalyst is available.

Regulatory or fee compression risk

Lead driver: Sentiment · See AI snapshot
Momentum
17
9% active weight
Current posture
7d trendSoftening
Δ7d
-6.1
Δ21d
-24.6
Value
40
28% active weight
Current posture
7d trendFlat
Δ7d
+0.6
Δ21d
+0.9
Sentiment
25
62% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
0.0
Why this grade

Composite grade F. Momentum 16.5 / Value 39.6 / Sentiment 24.8

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2025-11-04. Scenario method

B+
Bull case
30%
Probability
Target price
$11.00
Analysis reference price unavailable
Analysis 2025-11-04 · RankAlpha Sentiment AI
Most likely
B
Base case
50%
Probability
Target price
$8.50
Analysis reference price unavailable
Analysis 2025-11-04 · RankAlpha Sentiment AI
B-
Bear case
20%
Probability
Target price
$6.00
Analysis reference price unavailable
Analysis 2025-11-04 · RankAlpha Sentiment AI
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$4.21B
Beta
-
Shares Out
99.23M
P/E (TTM) · Derived
-42.3
P/S (TTM)
-
P/FCF (TTM) · Derived
16.58
Rev YoY
+18.3%
EPS YoY
+34.8%
Gross Margin
+32.1%
Op Margin
+9.2%
Net Debt
-$512.39M
Current Ratio
2.61
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data