MaxLinear Inc (NASDAQ: MXL) is -48.69% lower on its value in year-to-date trading and has touched a low of $8.35 and a high of $26.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MXL stock was last observed hovering at around $10.43 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $10.15, the stock is -8.71% and -23.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -2.68% at the moment leaves the stock -35.97% off its SMA200. MXL registered -53.07% loss for a year compared to 6-month loss of -30.38%. The firm has a 50-day simple moving average (SMA 50) of $13.3012 and a 200-day simple moving average (SMA200) of $15.85115.
The stock witnessed a -20.89% gain in the last 1 month and extending the period to 3 months gives it a -54.50%, and is -9.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.21% over the week and 9.33% over the month.
MaxLinear Inc (MXL) has around 1294 employees, a market worth around $876.70M and $360.53M in sales. Fwd P/E is 11.55. Profit margin for the company is -68.01%. Distance from 52-week low is 21.56% and -61.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.36%).
with sales reaching $94.93M over the same period.The EPS is expected to grow by 141.41% this year, but quarterly earnings will post 23.20% year-over-year. Quarterly sales are estimated to shrink -0.36% in year-over-year returns.
295.0 institutions hold shares in MaxLinear Inc (MXL), with institutional investors hold 88.86% of the company’s shares. The shares outstanding are 84.61M, and float is at 80.27M with Short Float at 6.81%. Institutions hold 82.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.98 million shares valued at $261.5 million. The investor’s holdings represent 15.5541 of the MXL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.08 million shares valued at $243.35 million to account for 14.673 of the shares outstanding. The other top investors are INVESCO LTD. which holds 5.15 million shares representing 6.1745 and valued at over $103.81 million, while STATE STREET CORP holds 4.7014 of the shares totaling 3.92 million with a market value of $79.04 million.
MaxLinear Inc (MXL) Insider Activity
The most recent transaction is an insider sale by LITCHFIELD STEVEN G,. SEC filings show that LITCHFIELD STEVEN G sold 32,000 shares of the company’s common stock on Dec 13 ’24 at a price of $20.35 per share for a total of $0.65 million. Following the sale, the insider now owns 0.37 million shares.
Still, SEC filings show that on Dec 11 ’24, MOYER ALBERT J (Director) disposed off 9,170 shares at an average price of $19.00 for $0.17 million. The insider now directly holds 60,652 shares of MaxLinear Inc (MXL).
