MaxLinear Inc (MXL) concluded trading on Wednesday at a closing price of $19.32, with 4.93 million shares of worth about $95.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.98% during that period and on December 04, 2024 the price saw a gain of about 11.03%. Currently the company’s common shares owned by public are about 84.36M shares, out of which, 79.18M shares are available for trading.
Stock saw a price change of 29.32% in past 5 days and over the past one month there was a price change of 46.92%. Year-to-date (YTD), MXL shares are showing a performance of -18.72% which increased to 0.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.08 but also hit the highest price of $26.59 during that period. The average intraday trading volume for MaxLinear Inc shares is 1.27 million. The stock is currently trading 24.98% above its 20-day simple moving average (SMA20), while that difference is up 31.82% for SMA50 and it goes to 12.32% higher than SMA200.
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MaxLinear Inc (NASDAQ: MXL) currently have 84.36M outstanding shares and institutions hold larger chunk of about 84.35% of that.
The stock has a current market capitalization of $1.63B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$2.72 in the same period. It has Quick Ratio of 1.38 while making debt-to-equity ratio of 0.27. 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 8.16% while standing at 6.57% over the month.
Stock’s fiscal year EPS is expected to drop by -185.82% while it is estimated to increase by 138.38% in next year. EPS is likely to grow at an annualized rate of 5.00% 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 Wells Fargo on November 22, 2024 offering an Equal weight rating for the stock and assigned a target price of $14 to it. Coverage by Susquehanna stated MaxLinear Inc (MXL) stock as a Neutral in their note to investors on October 01, 2024, suggesting a price target of $15 for the stock. On July 25, 2024, Needham Downgrade their recommendations, while on July 17, 2024, Craig Hallum Upgrade their ratings for the stock with a price target of $38. Stock get an Outperform rating from Northland Capital on April 04, 2024.
