MaxLinear Inc (NASDAQ:MXL) has a beta value of 1.86 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $1.65B, closed the recent trade at $19.50 per share which meant it lost -$1.4 on the day or -6.69% during that session. The MXL stock price is -36.36% off its 52-week high price of $26.59 and 43.18% above the 52-week low of $11.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.06 million shares traded. The 3-month trading volume is 1.42 million shares.
The consensus among analysts is that MaxLinear Inc (MXL) is Buy stock at the moment, with a recommendation rating of 2.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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MaxLinear Inc (NASDAQ:MXL) trade information
Sporting -6.69% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MXL stock price touched $19.50 or saw a rise of 10.47%. Year-to-date, MaxLinear Inc shares have moved -17.96%, while the 5-day performance has seen it change 8.34%. Over the past 30 days, the shares of MaxLinear Inc (NASDAQ:MXL) have changed 36.37%. Short interest in the company has seen 4.17 million shares shorted with days to cover at 3.15.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 22.0% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $30.0. In that case, then, we find that the latest price level in today’s session is -53.85% off the targeted high while a plunge would see the stock lose 23.08% from the levels at last check today.
MaxLinear Inc (MXL) estimates and forecasts
Figures show that MaxLinear Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 3.56% over the past 6 months, with this year growth rate of -185.45%, compared to -4.90% for the industry. Revenue growth from the last financial year stood is estimated to be -48.31%.
11 analysts offering their estimates for the company have set an average revenue estimate of 90M for the current quarter. 11 have an estimated revenue figure of 93.23M for the next ending quarter. Year-ago sales stood 125.35M and 95.27M respectively for this quarter and the next, and analysts expect sales will shrink by -28.20% for the current quarter and -48.31% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.83% over the past 5 years. Earnings growth for 2024 is a modest -185.82% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
MXL Dividends
MaxLinear Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
Insiders own 6.43% of the company shares, while shares held by institutions stand at 85.83% with a share float percentage of 91.73%. Investors are also buoyed by the number of investors in a company, with MaxLinear Inc having a total of 299.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 12.98 million shares worth more than $261.5 million. As of 2024-06-30, BLACKROCK INC. held 15.7672% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 12.08 million shares as of 2024-06-30. The firm’s total holdings are worth over $243.35 million and represent 14.673% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Invesco Small Cap Value Fd. As of Sep 30, 2024, the former fund manager holds about 8.33% shares in the company for having 4.87 shares of worth $95.01 million while later fund manager owns 4.81 shares of worth $93.79 million as of Jul 31, 2024, which makes it owner of about 8.22% of company’s outstanding stock.
