RankAlpha logo
Back to Rankings

MIAX

Miami InternationalF
NYSE / Financial Services
Last Price
Quote time unavailable
View Chart
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
Value
What changed
Value remains the lead driver in the composite, 7D delta -0.0.
What can break
Decline in options volumes
Momentum
16
Value
40
Sentiment
21
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 2026-10-29 • Vendor: Data Vendor v1
Scores
As of 2026-10-28 • Model: HYBRID_IC_RP
AI Memo
As of 2025-11-04 • Model: RankAlpha Sentiment AI
Investment thesis
As of 2026-10-28

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-28. Definitions

Supporting evidence
What
Grade F · Defensive
Confidence Medium · Net Neutral
Target $45.80
Why
Momentum16 · Δ7d +4.4
Value40 · Δ7d -0.0
Sentiment21 · Δ7d 0.0
So what
Weak posture (Net Neutral). Prioritize risk control and patience.

Confirming evidence

  • • Value 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: Value · See fundamentals
Momentum
16
8% active weight
Current posture
7d trendImproving
Δ7d
+4.4
Δ21d
+5.1
Value
40
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
+0.1
Sentiment
21
45% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
0.0
Why this grade

Composite grade F. Momentum 15.7 / Value 39.9 / Sentiment 20.6

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 2026-10-29
Market Cap
$3.12B
Beta
-
Shares Out
99.23M
P/E (TTM) · Derived
-31.4
P/S (TTM)
-
P/FCF (TTM) · Derived
12.29
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 2026-10-28 • Updated nightlySource: Internal modelMethods & Data