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The closing price of MaxLinear Inc (NASDAQ: MXL) was $19.00 for the day, down -8.61% from the previous closing price of $20.79. In other words, the price has decreased by -$8.61 from its previous closing price. On the day, 1.02 million shares were traded. MXL stock price reached its highest trading level at $20.63 during the session, while it also had its lowest trading level at $18.97.
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 1.56 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.23.
On February 01, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $28 to $25.
Wells Fargo Downgraded its Overweight to Equal Weight on January 03, 2024, whereas the target price for the stock was revised from $35 to $25.
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 Mar 01 ’24 when Tewksbury Ted L III sold 12,000 shares for $19.57 per share. The transaction valued at 234,840 led to the insider holds 61,556 shares of the business.
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 1579431936 and an Enterprise Value of 1543143680. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 2.857 whereas that against EBITDA is -36.542.
Stock Price History:
The Beta on a monthly basis for MXL is 1.92, which has changed by -0.18768704 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, MXL has reached a high of $35.09, while it has fallen to a 52-week low of $13.43. The 50-Day Moving Average of the stock is -4.99%, while the 200-Day Moving Average is calculated to be -10.26%.
Shares Statistics:
MXL traded an average of 849.20K shares per day over the past three months and 1014380 shares per day over the past ten days. A total of 81.82M shares are outstanding, with a floating share count of 76.40M. Insiders hold about 8.10% of the company’s shares, while institutions hold 85.37% stake in the company. Shares short for MXL as of 1713139200 were 3967286 with a Short Ratio of 4.67, compared to 1710460800 on 3592788. Therefore, it implies a Short% of Shares Outstanding of 3967286 and a Short% of Float of 7.62.
Earnings Estimates
The current market rating for MaxLinear Inc (MXL) reflects the collective analysis of 10.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.21, while EPS last year was $0.34. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.04 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.33 and -$0.53 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is $0.74, with 9.0 analysts recommending between $1.34 and $0.14.
Revenue Estimates
For the next quarter, 10 analysts are estimating revenue of $111.8M. There is a high estimate of $117.5M for the next quarter, whereas the lowest estimate is $107.5M.
A total of 11 analysts have provided revenue estimates for MXL’s current fiscal year. The highest revenue estimate was $459M, while the lowest revenue estimate was $425.3M, resulting in an average revenue estimate of $438.85M. In the same quarter a year ago, actual revenue was $693.26MBased on 10 analysts’ estimates, the company’s revenue will be $614.88M in the next fiscal year. The high estimate is $680.9M and the low estimate is $505M.
