MaxLinear Inc (NASDAQ:MXL) shares, rose in value on Thursday, March 27, with the stock price down by -6.28% to the previous day’s close as strong demand from buyers drove the stock to $11.94.
Actively observing the price movement in the last trading, the stock closed the session at $12.74, falling within a range of $11.84 and $12.7. The value of beta (5-year monthly) was 1.765. Referring to stock’s 52-week performance, its high was $26.59, and the low was $11.08. On the whole, MXL has fluctuated by -23.22% over the past month.
With the market capitalization of MaxLinear Inc currently standing at about $1.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-28.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 445.55M, with a low estimate of 94M and a high estimate of 99.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 95.32M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MXL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MXL currently trading nearly -7.13% and -27.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.08, while the 7-day volatility ratio is showing 4.26% which for the 30-day chart, stands at 5.91%. Furthermore, MaxLinear Inc (MXL)’s beta value is 1.77, and its average true range (ATR) is 0.85.
A comparison of MaxLinear Inc (MXL) with its peers suggests the former has fared considerably weaker in the market. MXL showed an intraday change of -6.28% in last session, and over the past year, it shrunk by -34.25%%.
Data on historical trading for MaxLinear Inc (NASDAQ:MXL) indicates that the trading volumes over the past 10 days have averaged 1.09 and over the past 3 months, they’ve averaged 1.91 million. According to company’s latest data on outstanding shares, there are 84.61 million shares outstanding.
Nearly 7.07% of MaxLinear Inc’s shares belong to company insiders and institutional investors own 85.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.42 million shares as on 2025-03-14, resulting in a short ratio of 2.9. According to the data, the short interest in MaxLinear Inc (MXL) stood at 1011.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.06 million. The stock has fallen by -39.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MXL stock heading into the next quarter.
