In the latest trading session, 0.81 million MaxLinear Inc (NASDAQ:MXL) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $17.46 changing hands around $1.29 or 7.98% at last look, the market valuation stands at $1.47B. MXL’s current price is a discount, trading about -52.29% off its 52-week high of $26.59. The share price had its 52-week low at $11.08, which suggests the last value was 36.54% up since then. When we look at MaxLinear Inc’s average trading volume, we note the 10-day average is 0.86 million shares, with the 3-month average coming to 1.28 million.
Analysts gave the MaxLinear Inc (MXL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.25. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended MXL as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. MaxLinear Inc’s EPS for the current quarter is expected to be -0.13.
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MaxLinear Inc (NASDAQ:MXL) trade information
Instantly MXL is in green as seen in intraday trades today. With action 10.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.55%, with the 5-day performance at 10.02% in the green. However, in the 30-day time frame, MaxLinear Inc (NASDAQ:MXL) is 29.62% up. Looking at the short shares, we see there were 4.09 million shares sold at short interest cover period of 2.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 41.8% from its recent market value. According to analyst projections, MXL’s forecast low is 15 with 50 as the target high. To hit the forecast high, the stock’s price needs a -186.37% plunge from its current level, while the stock would need to tank 14.09% for it to hit the projected low.
MaxLinear Inc (MXL) estimates and forecasts
Data shows that the MaxLinear Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.12% over the past 6 months, a -185.45% in annual growth rate that is considerably lower than the industry average of -4.60%. Year-over-year growth is forecast to reach -48.31% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 90M. 11 analysts are of the opinion that MaxLinear Inc’s revenue for the current quarter will be 93.23M. The company’s revenue for the corresponding quarters a year ago was 125.35M and 95.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -28.20%. The estimates for the next quarter sales put growth at -2.14%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -18.83%. The 2024 estimates are for MaxLinear Inc earnings to decrease by -185.82%, but the outlook for the next 5-year period is at 5.00% per year.
MXL Dividends
MaxLinear Inc is expected to release its next quarterly earnings report in January.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.45% of MaxLinear Inc shares while 85.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.19%. There are 85.31% institutions holding the MaxLinear Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 15.7672% of the shares, roughly 12.98 million MXL shares worth $261.5 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 14.673% or 12.08 million shares worth $243.35 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Smallcap ETF and Invesco Small Cap Value Fd. With 5.09 shares estimated at $89.37 million under it, the former controlled 8.71% of total outstanding shares. On the other hand, Invesco Small Cap Value Fd held about 8.22% of the shares, roughly 4.81 shares worth around $84.35 million.
