As of Friday close, MaxLinear Inc.’s (NASDAQ:MXL) stock was down -$0.32, moving down -1.40 percent to $22.61. The average number of shares traded per day over the past five days has been 1,446,080 shares. 2 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 2,594,290, while in the previous 50 days, it was 1,502,268.
Since last month, MXL stock retreated -33.17%. Shares of the company fell to $21.82 on 08/15/23, the lowest level in the past month. A 52-week high of $43.66 was reached on 02/01/23 after having rallying from a 52-week low of $21.82. Since the beginning of this year, MXL’s stock price has dropped by -33.40% or -$11.34, and marked a new high 14 times. However, the stock has declined by -48.21% since its 52-week high.
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MXL stock investors should be aware that MaxLinear Inc. (MXL) stock had its last reported insider trading activity 197 days ago on Feb 03. LOUGHEED JAMES, the of the company, disposed of 115,944 shares for $40.74 on Feb 03. It resulted in a $4,723,973 divestment by the insider. Bollesen Michael sold 5,757 shares at an average price of $38.93 on Dec 14. The insider now owns 81,474 shares following the transaction.
Valuation Metrics
Right now, MaxLinear Inc. (MXL) has a P/E ratio of about 28.44. The stock’s beta is 1.86. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 2.44, and the price-to-cash flow ratio of 12.85 may also be considered.
Financial Health
In the recent quarter, MaxLinear Inc.’s quick ratio stood at 1.80, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.16, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 56.90% percent. In the recent year, EBITDA margin amounted to 22.96%, whereas operating margins totaled 11.30%. Based on annual data, MXL earned $649.77 million in gross profit and brought in $1.12 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.40%. Return on equity (ROE) for the past 12 months was 9.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MXL’s revenue fell -34.77% to $248.44 million during the quarter, while net income inched up to $183.94 million. During the quarter, the company generated $13.39 million in EBITDA. The liabilities of MaxLinear Inc. were 415.43 million at the end of its most recent quarter, and its total debt was $161.69 million. The value of shareholders’ equity is $81.02 million.
Technical Picture
This quick technical analysis looks at MaxLinear Inc.’s (MXL) price momentum. With a historical volatility rate of 37.68%, the RSI 9-day stood at 34.44% on 18 August.
With respect to its five-day moving average, the current MaxLinear Inc. price is up by +0.76% percent or $0.17. At present, MXL shares trade -33.46% below its 20-day simple moving average and -34.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.93% below its SMA50 and -26.78% below its SMA200.
Stochastic coefficient K was 34.67% and Stochastic coefficient D was 25.98%, while ATR was 1.14. Given the Stochastic reading of 26.60% for the 14-day period, the RSI (14) reading has been calculated as 34.91%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at -0.16.
Analyst Ratings
MaxLinear Inc. downgraded its rating on MaxLinear Inc. (NASDAQ: MXL) to a Hold in a note to investors on August 01, 2023. The analysts firm previously had a Buy rating on the stock.MaxLinear Inc. (MXL) has been rated Overweight by analysts. According to 0 brokerage firms, MXL is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MaxLinear Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $34.00, the current consensus forecast for the stock is $25.00 – $45.00. Based on these forecasts, analysts predict MaxLinear Inc. (MXL) will achieve an average price target of $32.73.
