MaxLinear Inc [NASDAQ: MXL] stock went on an upward path that rose over 6.45% on Wednesday, amounting to a one-week price decrease of less than -10.07%.
Over the last 12 months, MXL stock dropped by -1.58%. The one-year MaxLinear Inc stock forecast points to a potential upside of 0.27. The average equity rating for MXL stock is currently 2.25, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.84 billion, with 84.36 million shares outstanding and 79.22 million shares in the current float. Compared to the average trading volume of 1.54M shares, MXL stock reached a trading volume of 4270418 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on MaxLinear Inc [MXL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MXL shares is $21.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MXL stock is a recommendation set at 2.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for MaxLinear Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 22, 2024. The new note on the price target was released on October 01, 2024, representing the official price target for MaxLinear Inc stock. On July 17, 2024, analysts increased their price target for MXL shares from 20 to 38.
The Average True Range (ATR) for MaxLinear Inc is set at 1.61, with the Price to Sales ratio for MXL stock in the period of the last 12 months amounting to 4.67. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 1.77.
MXL Stock Performance Analysis:
MaxLinear Inc [MXL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.07. With this latest performance, MXL shares gained by 3.71% in over the last four-week period, additionally plugging by 58.24% over the last 6 months – not to mention a drop of -1.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MXL stock in for the last two-week period is set at 52.90, with the RSI for the last a single of trading hit 50.74, and the three-weeks RSI is set at 54.48 for MaxLinear Inc [MXL]. The present Moving Average for the last 50 days of trading for this stock 19.23, while it was recorded at 21.69 for the last single week of trading, and 17.37 for the last 200 days.
Insight into MaxLinear Inc Fundamentals:
MaxLinear Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.38 and a Current Ratio set at 1.95.
MaxLinear Inc [MXL] Institutonal Ownership Details
There are presently around $86.44%, or 91.59%% of MXL stock, in the hands of institutional investors. The top three institutional holders of MXL stocks are: BLACKROCK INC. with ownership of 12.98 million shares, which is approximately 15.7672%. VANGUARD GROUP INC, holding 12.08 million shares of the stock with an approximate value of $$243.35 million in MXL stocks shares; and VANGUARD GROUP INC, currently with $$103.81 million in MXL stock with ownership which is approximately 6.2591%.
