MaxLinear Inc (NASDAQ: MXL)’s stock price has dropped by -8.61 in relation to previous closing price of 20.79. Nevertheless, the company has seen a loss of -9.22% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-24 that MaxLinear, Inc. (NASDAQ:MXL ) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Leslie Green – Investor Relations Kishore Seendripu – Chief Executive Officer Steven Litchfield – Chief Financial Officer & Chief Corporate Strategy Officer Conference Call Participants Quinn Bolton – Needham & Company Christopher Rolland – Susquehanna International Tore Svanberg – Stifel David Williams – The Benchmark Company Ross Seymore – Deutsche Bank Tim Savageaux – Northland Capital Markets Ananda Baruah – Loop Capital Markets Karl Ackerman – BNP Paribas Suji Desilva – ROTH MKM Richard Shannon – Craig-Hallum Operator Greetings and welcome to the MaxLinear First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in MaxLinear Inc (NASDAQ: MXL) Right Now?
The 36-month beta value for MXL is also noteworthy at 1.92. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MXL is 76.40M, and at present, short sellers hold a 5.19% of that float. The average trading volume of MXL on May 02, 2024 was 849.20K shares.
MXL’s Market Performance
The stock of MaxLinear Inc (MXL) has seen a -9.22% decrease in the past week, with a -6.63% drop in the past month, and a -8.74% fall in the past quarter. The volatility ratio for the week is 5.97%, and the volatility levels for the past 30 days are at 5.81% for MXL. The simple moving average for the past 20 days is -11.31% for MXL’s stock, with a -10.26% simple moving average for the past 200 days.
Analysts’ Opinion of MXL
Many brokerage firms have already submitted their reports for MXL stocks, with Northland Capital repeating the rating for MXL by listing it as a “Outperform.” The predicted price for MXL in the upcoming period, according to Northland Capital is $30 based on the research report published on April 04, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see MXL reach a price target of $25, previously predicting the price at $28. The rating they have provided for MXL stocks is “Buy” according to the report published on February 01st, 2024.
Wells Fargo gave a rating of “Equal Weight” to MXL, setting the target price at $25 in the report published on January 03rd of the current year.
MXL Trading at -4.99% from the 50-Day Moving Average
After a stumble in the market that brought MXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.85% of loss for the given period.
Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -12.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.78% lower at present.
During the last 5 trading sessions, MXL fell by -9.22%, which changed the moving average for the period of 200-days by -42.16% in comparison to the 20-day moving average, which settled at $21.29. In addition, MaxLinear Inc saw -20.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MXL starting from Tewksbury Ted L III, who sale 12,000 shares at the price of $19.57 back on Mar 01 ’24. After this action, Tewksbury Ted L III now owns 61,556 shares of MaxLinear Inc, valued at $234,840 using the latest closing price.
Stock Fundamentals for MXL
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.55 for the gross margin
The net margin for MaxLinear Inc stands at -0.29. The total capital return value is set at -0.17. Equity return is now at value -22.59, with -13.91 for asset returns.
Based on MaxLinear Inc (MXL), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -12.82.
Currently, EBITDA for the company is 40.63 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 4.28for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In summary, MaxLinear Inc (MXL) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
