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The closing price of MaxLinear Inc (NASDAQ: MXL) was $13.47 for the day, up 3.86% from the previous closing price of $12.97. In other words, the price has increased by $3.86 from its previous closing price. On the day, 1.74 million shares were traded. MXL stock price reached its highest trading level at $13.57 during the session, while it also had its lowest trading level at $12.935.
Ratios:
Our analysis of MXL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.26.
Craig Hallum Upgraded its Hold to Buy on July 17, 2024, whereas the target price for the stock was revised from $20 to $38.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 30 ’24 when SEENDRIPU KISHORE bought 108,303 shares for $12.94 per share. The transaction valued at 1,401,592 led to the insider holds 531,937 shares of the business.
Tewksbury Ted L III sold 12,000 shares of MXL for $234,840 on Mar 01 ’24. The Director now owns 61,556 shares after completing the transaction at $19.57 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MXL now has a Market Capitalization of 1136353408 and an Enterprise Value of 1139949184. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 2.895 whereas that against EBITDA is -10.277.
Stock Price History:
Over the past 52 weeks, MXL has reached a high of $26.59, while it has fallen to a 52-week low of $11.08. The 50-Day Moving Average of the stock is -3.76%, while the 200-Day Moving Average is calculated to be -24.10%.
Shares Statistics:
MXL traded an average of 1.27M shares per day over the past three months and 2367390 shares per day over the past ten days. A total of 81.82M shares are outstanding, with a floating share count of 79.16M. Insiders hold about 6.17% of the company’s shares, while institutions hold 86.85% stake in the company. Shares short for MXL as of 1728950400 were 3539580 with a Short Ratio of 2.79, compared to 1726185600 on 3404305. Therefore, it implies a Short% of Shares Outstanding of 3539580 and a Short% of Float of 6.6300004999999995.
