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After finishing at $20.13 in the prior trading day, MaxLinear Inc (NASDAQ: MXL) closed at $20.37, up 1.19%. In other words, the price has increased by $1.19 from its previous closing price. On the day, 0.53 million shares were traded. MXL stock price reached its highest trading level at $20.58 during the session, while it also had its lowest trading level at $20.03.
Ratios:
Our goal is to gain a better understanding of MXL by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1693317376 and an Enterprise Value of 1657029120. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 3.068 whereas that against EBITDA is -39.239.
Stock Price History:
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 1.58%, while the 200-Day Moving Average is calculated to be -2.49%.
Shares Statistics:
The stock has traded on average 802.11K shares per day over the past 3-months and 1007890 shares per day over the last 10 days, according to various share statistics. 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 85.36% stake in the company. Shares short for MXL as of 1713139200 were 3967286 with a Short Ratio of 4.95, compared to 1710460800 on 3592788. Therefore, it implies a Short% of Shares Outstanding of 3967286 and a Short% of Float of 7.61.
Earnings Estimates
The dynamic stock of MaxLinear Inc (MXL) is currently attracting attention from 10.0 analysts actively involved in rating its market status.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.
