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The closing price of MaxLinear Inc (NASDAQ: MXL) was $14.07 for the day, down -1.61% from the previous closing price of $14.30. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 0.62 million shares were traded. MXL stock price reached its highest trading level at $14.53 during the session, while it also had its lowest trading level at $13.85.
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 Nov 08 ’24 when Torgerson William sold 6,100 shares for $15.40 per share. The transaction valued at 93,941 led to the insider holds 179,262 shares of the business.
Torgerson William bought 6,100 shares of MXL for $93,941 on Nov 08 ’24. On Jul 30 ’24, another insider, SEENDRIPU KISHORE, who serves as the Chairman, President and CEO of the company, bought 108,303 shares for $12.94 each. As a result, the insider paid 1,401,592 and bolstered with 531,937 shares of the company.
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 1206372992 and an Enterprise Value of 1190566272. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 3.024 whereas that against EBITDA is -10.831.
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 -1.66%, while the 200-Day Moving Average is calculated to be -18.98%.
Shares Statistics:
MXL traded an average of 1.31M shares per day over the past three months and 1337090 shares per day over the past ten days. A total of 81.82M shares are outstanding, with a floating share count of 79.18M. Insiders hold about 6.14% of the company’s shares, while institutions hold 84.90% stake in the company. Shares short for MXL as of 1730332800 were 3540474 with a Short Ratio of 2.70, compared to 1727654400 on 3737005. Therefore, it implies a Short% of Shares Outstanding of 3540474 and a Short% of Float of 6.6300004999999995.
