MaxLinear Inc [MXL] stock prices are down -0.19% to $16.01 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MXL shares have gain 21.75% over the last week, with a monthly amount glided 12.43%, 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 October 01, 2024, when Susquehanna downgraded its rating to a Neutral but kept the price target unchanged to $15 for it. Previously, Needham downgraded its rating to Hold on July 25, 2024. On July 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $38 on the stock. Northland Capital upgraded its rating to a Outperform but stick to its price target of $30 on April 04, 2024. Needham reiterated its recommendation of a Buy and reduced its price target to $25 on February 01, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on January 03, 2024, and downed its price target to $25. In a note dated October 26, 2023, ROTH MKM downgraded an Neutral rating on this stock and revised its target price from $35 to $18.
The stock price of MaxLinear Inc [MXL] has been fluctuating between $11.08 and $26.59 over the past year. Currently, Wall Street analysts expect the stock to reach $33.88 within the next 12 months. MaxLinear Inc [NASDAQ: MXL] shares were valued at $16.01 at the most recent close of the market. An investor can expect a potential return of 111.62% based on the average MXL price forecast.
Analyzing the MXL fundamentals
The MaxLinear Inc [NASDAQ:MXL] reported sales of 393.71M for trailing twelve months, representing a drop of -40.16%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.57%, Pretax Profit Margin comes in at -0.61%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.36 and Total Capital is -0.31. 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 15.68 points at the first support level, and at 15.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.28, and for the 2nd resistance point, it is at 16.54.
Ratios To Look Out For
It’s worth pointing out that MaxLinear Inc [NASDAQ:MXL]’s Current Ratio is 1.95. As well, the Quick Ratio is 1.38, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 3.72, the price to book ratio is 2.43.
Transactions by insiders
Recent insider trading involved Torgerson William, Officer, that happened on Nov 08 ’24 when 6100.0 shares were purchased. Chairman, President and CEO, SEENDRIPU KISHORE completed a deal on Jul 30 ’24 to buy 0.11 million shares. Meanwhile, Director Tewksbury Ted L III sold 12000.0 shares on Mar 01 ’24.
