At the time of writing, MaxLinear Inc [MXL] stock is trading at $19.26, up 3.22%. 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 27.30% over the last week, with a monthly amount glided 30.58%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MaxLinear Inc [NASDAQ: MXL] stock has seen the most recent analyst activity on November 22, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $14. Previously, Susquehanna downgraded its rating to Neutral on October 01, 2024, and kept the price target unchanged to $15. On July 25, 2024, downgrade downgraded it’s rating to Hold. Craig Hallum upgraded its rating to a Buy and increased its price target to $38 on July 17, 2024. Northland Capital upgraded its rating to a Outperform but $30 remained the price target by the analyst firm on April 04, 2024. Needham reiterated a Buy rating for this stock on February 01, 2024, and downed its price target to $25. In a note dated January 03, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $35 to $25.
For the past year, the stock price of MaxLinear Inc fluctuated between $11.08 and $26.59. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. MaxLinear Inc [NASDAQ: MXL] shares were valued at $19.26 at the most recent close of the market. An investor can expect a potential return of 21.13% based on the average MXL price forecast.
Analyzing the MXL fundamentals
According to MaxLinear Inc [NASDAQ:MXL], the company’s sales were 393.71M for trailing twelve months, which represents an -40.16% plunge. 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 0.22.
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 18.73 points at the first support level, and at 18.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.61, and for the 2nd resistance point, it is at 19.95.
Ratios To Look Out For
It is important to note that MaxLinear Inc [NASDAQ:MXL] has a current ratio of 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 4.26, the price to book ratio is 2.92.
Transactions by insiders
Recent insider trading involved Kwong Connie H., Corporate Controller & PAO, that happened on Dec 04 ’24 when 5000.0 shares were sold. Officer, Kwong Connie H. completed a deal on Dec 04 ’24 to buy 5000.0 shares. Meanwhile, Director Tewksbury Ted L III sold 5800.0 shares on Nov 21 ’24.
