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As of close of business last night, MaxLinear Inc’s stock clocked out at $12.13, down -4.94% from its previous closing price of $12.76. In other words, the price has decreased by -$4.94 from its previous closing price. On the day, 0.76 million shares were traded. MXL stock price reached its highest trading level at $12.8 during the session, while it also had its lowest trading level at $12.1.
Ratios:
To gain a deeper understanding of MXL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.23.
On July 17, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $20 to $38.
Northland Capital Upgraded its Market Perform to Outperform on April 04, 2024, while the target price for the stock was maintained at $30.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1070541632 and an Enterprise Value of 986408384. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 2.201 whereas that against EBITDA is -11.563.
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 -31.12%, while the 200-Day Moving Average is calculated to be -37.01%.
Shares Statistics:
It appears that MXL traded 1.08M shares on average per day over the past three months and 846880 shares per day over the past ten days. A total of 81.82M shares are outstanding, with a floating share count of 76.88M. Insiders hold about 8.36% of the company’s shares, while institutions hold 87.13% stake in the company. Shares short for MXL as of 1722384000 were 2994644 with a Short Ratio of 2.77, compared to 1719532800 on 3764079. Therefore, it implies a Short% of Shares Outstanding of 2994644 and a Short% of Float of 5.6599997.
