In last trading session, MaxLinear Inc (NASDAQ:MXL) saw 0.57 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $16.00 trading at $1.45 or 9.97% at ring of the bell on the day assigns it a market valuation of $1.35B. That closing price of MXL’s stock is at a discount of -66.19% from its 52-week high price of $26.59 and is indicating a premium of 30.75% from its 52-week low price of $11.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.86 million shares which gives us an average trading volume of 1.33 million if we extend that period to 3-months.
For MaxLinear Inc (MXL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.13 in the current quarter.
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MaxLinear Inc (NASDAQ:MXL) trade information
Upright in the green during last session for gaining 9.97%, in the last five days MXL remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $16.00 price level, adding 1.66% to its value on the day. MaxLinear Inc’s shares saw a change of -32.69% in year-to-date performance and have moved 1.65% in past 5-day. MaxLinear Inc (NASDAQ:MXL) showed a performance of 9.29% in past 30-days. Number of shares sold short was 4.09 million shares which calculate 2.35 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 30 to the stock, which implies a rise of 46.67% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would jump 6.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.25% for stock’s current value.
MaxLinear Inc (MXL) estimates and forecasts
Statistics highlight that MaxLinear Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -9.96% of value to its shares in past 6 months, showing an annual growth rate of -185.45% while that of industry is -4.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -48.31% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 90M for the same. And 11 analysts are in estimates of company making revenue of 93.23M in the next quarter. Company posted 125.35M and 95.27M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.83% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -185.82% while estimates for its earnings growth in next 5 years are of 5.00%.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
Insiders are in possession of 6.45% of company’s total shares while institution are holding 85.31 percent of that, with stock having share float percentage of 91.19%. Investors also watch the number of corporate investors in a company very closely, which is 85.31% institutions for MaxLinear Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MXL for having 12.98 million shares of worth $261.5 million. And as of 2024-06-30, it was holding 15.7672 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 12.08 million shares on 2024-06-30. The number of shares represents firm’s hold over 14.673 of outstanding shares, having a total worth of $243.35 million.
On the other hand, iShares Core S&P Smallcap ETF and Invesco Small Cap Value Fd are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 5.09 shares of worth $77.05 million or 8.71% of the total outstanding shares. The later fund manager was in possession of 4.81 shares on Jul 31, 2024 , making its stake of worth around $72.72 million in the company or a holder of 8.22% of company’s stock.
