The stock price of MaxLinear Inc (NASDAQ: MXL) has jumped by 5.32 compared to previous close of 14.85. Despite this, the company has seen a gain of 9.83% in its stock price over the last five trading days. marketbeat.com reported 2024-10-28 that MaxLinear Inc. NASDAQ: MXL designs and manufactures chips used in high-speed communication and data transfer systems and devices enabling multi-gig connectivity. The computer and technology sector company is a leader in providing analog, digital, mixed-signal, and radio frequency (RF) integrated circuits for use in wireless and wired broadband access, connectivity, and infrastructure applications.
Is It Worth Investing in MaxLinear Inc (NASDAQ: MXL) Right Now?
MXL has 36-month beta value of 1.84. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MXL is 79.16M, and currently, short sellers hold a 4.47% ratio of that float. The average trading volume of MXL on October 29, 2024 was 1.28M shares.
MXL’s Market Performance
The stock of MaxLinear Inc (MXL) has seen a 9.83% increase in the past week, with a 2.89% rise in the past month, and a 21.24% gain in the past quarter. The volatility ratio for the week is 8.24%, and the volatility levels for the past 30 days are at 6.32% for MXL. The simple moving average for the last 20 days is 11.24% for MXL’s stock, with a simple moving average of -12.57% for the last 200 days.
Analysts’ Opinion of MXL
Many brokerage firms have already submitted their reports for MXL stocks, with Susquehanna repeating the rating for MXL by listing it as a “Neutral.” The predicted price for MXL in the upcoming period, according to Susquehanna is $15 based on the research report published on October 01, 2024 of the current year 2024.
Craig Hallum gave a rating of “Buy” to MXL, setting the target price at $38 in the report published on July 17th of the current year.
MXL Trading at 12.67% 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 -41.18% of loss for the given period.
Volatility was left at 6.32%, however, over the last 30 days, the volatility rate increased by 8.24%, as shares surge +8.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.62% upper at present.
During the last 5 trading sessions, MXL rose by +9.83%, which changed the moving average for the period of 200-days by -27.09% in comparison to the 20-day moving average, which settled at $14.06. In addition, MaxLinear Inc saw -34.20% 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 SEENDRIPU KISHORE, who purchase 108,303 shares at the price of $12.94 back on Jul 30 ’24. After this action, SEENDRIPU KISHORE now owns 531,937 shares of MaxLinear Inc, valued at $1,401,592 using the latest closing price.
Tewksbury Ted L III, the Director of MaxLinear Inc, sale 12,000 shares at $19.57 during a trade that took place back on Mar 01 ’24, which means that Tewksbury Ted L III is holding 61,556 shares at $234,840 based on the most recent closing price.
Stock Fundamentals for MXL
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- 0.54 for the gross margin
The net margin for MaxLinear Inc stands at -0.57. The total capital return value is set at -0.31. Equity return is now at value -35.86, with -22.60 for asset returns.
Based on MaxLinear Inc (MXL), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -39.33.
Currently, EBITDA for the company is 40.63 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 3.34. The receivables turnover for the company is 8.21for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
To put it simply, MaxLinear Inc (MXL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
