MaxLinear Inc (MXL) concluded trading on Wednesday at a closing price of $22.29, with 3.81 million shares of worth about $85.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.74% during that period and on July 24, 2024 the price saw a loss of about -5.11%. Currently the company’s common shares owned by public are about 81.82M shares, out of which, 76.22M shares are available for trading.
Stock saw a price change of -12.17% in past 5 days and over the past one month there was a price change of 9.64%. Year-to-date (YTD), MXL shares are showing a performance of -6.23% which decreased to -33.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.43 but also hit the highest price of $35.00 during that period. The average intraday trading volume for MaxLinear Inc shares is 704.00K. The stock is currently trading -1.16% below its 20-day simple moving average (SMA20), while that difference is up 11.19% for SMA50 and it goes to 11.61% higher than SMA200.
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MaxLinear Inc (NASDAQ: MXL) currently have 81.82M outstanding shares and institutions hold larger chunk of about 85.06% of that.
The stock has a current market capitalization of $1.85B and its 3Y-monthly beta is at 1.85. It has posted earnings per share of -$1.89 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MXL, volatility over the week remained 6.99% while standing at 4.73% over the month.
Stock’s fiscal year EPS is expected to drop by -136.82% while it is estimated to increase by 284.64% in next year. EPS is likely to grow at an annualized rate of 14.14% for next 5-years, compared to annual growth of -18.83% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on July 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $20 and $38 to it. Coverage by Northland Capital stated MaxLinear Inc (MXL) stock as an Outperform in their note to investors on April 04, 2024, suggesting a price target of $30 for the stock. On February 01, 2024, Needham Reiterated their recommendations, while on January 03, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $25. Stock get a Neutral rating from ROTH MKM on October 26, 2023.
