MaxLinear Inc (NASDAQ:MXL) price on Wednesday, February 05, rose 1.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.84.
A look at the stock’s price movement, the close in the last trading session was $18.50, moving within a range at $17.5 and $18.92. The beta value (5-Year monthly) was 1.854. Turning to its 52-week performance, $26.59 and $11.08 were the 52-week high and 52-week low respectively. Overall, MXL moved -8.59% over the past month.
MaxLinear Inc’s market cap currently stands at around $1.59 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 95.32M for the company’s revenue for the quarter, with a low and high estimate of 94M and 99.3M respectively. The average forecast suggests up to a 0.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 445.55M, representing a 23.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MXL is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 8 recommend MXL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MXL’s current price about -10.35% and -3.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.94, while 7-day volatility ratio is 10.10% and 8.30% in the 30-day chart. Further, MaxLinear Inc (MXL) has a beta value of 1.73, and an average true range (ATR) of 1.70. Analysts have given the company’s stock an average 52-week price target of $25, forecast between a low of $25 and high of $25. Looking at the price targets, the low is -32.7% off current price level while to achieve the yearly target high, price needs to move -32.7%. Nonetheless, investors will most likely welcome a -32.7% jump to $25 which is the analysts’ median price.
If we refocus on MaxLinear Inc (NASDAQ:MXL), historical trading data shows that trading volumes averaged 3.47 over the past 10 days and 1.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.61 million shares.
The 6.09% of MaxLinear Inc’s shares are in the hands of company insiders while institutional holders own 84.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.26 million on 2025-01-15, giving us a short ratio of 3.15. The data shows that as of 2025-01-15 short interest in MaxLinear Inc (MXL) stood at 799.0 of shares outstanding, with shares short falling to 4.44 million registered in 2024-12-13. Current price change has pushed the stock -4.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MXL stock continues to rise going into the next quarter.
