MaxLinear Inc (NASDAQ: MXL) has experienced a rise in its stock price by 3.55 compared to its previous closing price of 20.29. However, the company has seen a gain of 8.30% in its stock price over the last five trading days. businesswire.com reported 2024-12-05 that CARLSBAD, Calif.–(BUSINESS WIRE)– #IIOT–MaxLinear’s new quad RS-485 serial receivers are specifically designed to ensure reliable communication in harsh industrial environments.
Is It Worth Investing in MaxLinear Inc (NASDAQ: MXL) Right Now?
The 36-month beta value for MXL is at 1.85. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for MXL is 79.22M, and currently, shorts hold a 5.60% of that float. The average trading volume for MXL on December 27, 2024 was 1.47M shares.
MXL’s Market Performance
MXL stock saw an increase of 8.30% in the past week, with a monthly gain of 32.39% and a quarterly increase of 37.32%. The volatility ratio for the week is 5.39%, and the volatility levels for the last 30 days are 7.55% for MaxLinear Inc (MXL). The simple moving average for the past 20 days is 11.76% for MXL’s stock, with a 22.20% simple moving average for the past 200 days.
Analysts’ Opinion of MXL
Many brokerage firms have already submitted their reports for MXL stocks, with Wells Fargo repeating the rating for MXL by listing it as a “Equal Weight.” The predicted price for MXL in the upcoming period, according to Wells Fargo is $14 based on the research report published on November 22, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see MXL reach a price target of $15. The rating they have provided for MXL stocks is “Neutral” according to the report published on October 01st, 2024.
MXL Trading at 28.63% 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 -20.99% of loss for the given period.
Volatility was left at 7.55%, however, over the last 30 days, the volatility rate increased by 5.39%, as shares surge +40.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.15% upper at present.
During the last 5 trading sessions, MXL rose by +8.30%, which changed the moving average for the period of 200-days by +6.92% in comparison to the 20-day moving average, which settled at $18.80. In addition, MaxLinear Inc saw -11.61% 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 LITCHFIELD STEVEN G, who sale 32,000 shares at the price of $20.35 back on Dec 13 ’24. After this action, LITCHFIELD STEVEN G now owns 365,868 shares of MaxLinear Inc, valued at $651,206 using the latest closing price.
LITCHFIELD STEVEN G, the Officer of MaxLinear Inc, proposed sale 32,000 shares at $20.35 during a trade that took place back on Dec 13 ’24, which means that LITCHFIELD STEVEN G is holding shares at $651,206 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 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is -20.31.
Currently, EBITDA for the company is 9.53 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 4.51. 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
In conclusion, MaxLinear Inc (MXL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
