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In the latest session, MaxLinear Inc (NASDAQ: MXL) closed at $13.33 up 1.52% from its previous closing price of $13.13. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.97 million shares were traded. MXL stock price reached its highest trading level at $13.55 during the session, while it also had its lowest trading level at $12.96.
Ratios:
For a deeper understanding of MaxLinear Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1118363008 and an Enterprise Value of 1087086208. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.50 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 2.426 whereas that against EBITDA is -12.743.
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 -19.36%, while the 200-Day Moving Average is calculated to be -30.18%.
Shares Statistics:
For the past three months, MXL has traded an average of 1.24M shares per day and 1501950 over the past ten days. A total of 81.82M shares are outstanding, with a floating share count of 76.88M. Insiders hold about 8.37% of the company’s shares, while institutions hold 87.00% stake in the company. Shares short for MXL as of 1723680000 were 3357481 with a Short Ratio of 2.71, compared to 1721001600 on 3775704. Therefore, it implies a Short% of Shares Outstanding of 3357481 and a Short% of Float of 6.34.
