MaxLinear Inc [MXL] stock prices are up 2.82% to $21.17 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MXL shares have gain 6.81% over the last week, with a monthly amount glided 13.39%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MaxLinear Inc [NASDAQ: MXL] stock has seen the most recent analyst activity on April 04, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $30 for it. Previously, Needham reaffirmed its Buy rating on February 01, 2024, and dropped its price target to $25. On January 03, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $25 on the stock. ROTH MKM downgraded its rating to a Neutral and decreased its price target to $18 on October 26, 2023. Deutsche Bank downgraded its rating to a Hold but $23 remained the price target by the analyst firm on October 19, 2023. Loop Capital downgraded its rating to Hold for this stock on August 01, 2023, and downed its price target to $25. In a note dated July 27, 2023, Craig Hallum downgraded an Hold rating on this stock but restated the target price of $25.
The stock price of MaxLinear Inc [MXL] has been fluctuating between $13.43 and $35.09 over the past year. Currently, Wall Street analysts expect the stock to reach $41.5 within the next 12 months. MaxLinear Inc [NASDAQ: MXL] shares were valued at $21.17 at the most recent close of the market. An investor can expect a potential return of 96.03% based on the average MXL price forecast.
Analyzing the MXL fundamentals
The MaxLinear Inc [NASDAQ:MXL] reported sales of 540.09M for trailing twelve months, representing a drop of -61.65%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.22 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.70 points at the first support level, and at 20.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.48, and for the 2nd resistance point, it is at 21.80.
MaxLinear Inc [MXL] reported earnings per share of -$0.21 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.22/share, meaning a difference of $0.01 and a surprise factor of 4.50%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.01 per share as compared to estimates of $0.01 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that MaxLinear Inc [NASDAQ:MXL]’s Current Ratio is 1.99. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.86. Considering the valuation of this stock, the price to sales ratio is 3.26, the price to book ratio is 2.76.
Transactions by insiders
Recent insider trading involved Tewksbury Ted L III, Director, that happened on Mar 01 ’24 when 12000.0 shares were sold.
