MaxLinear Inc [NASDAQ: MXL] traded at a low on Thursday, posting a -12.31 loss after which it closed the day’ session at $9.65.
The results of the trading session contributed to over 4474897 shares changing hands. Over the past one week, the price volatility of MaxLinear Inc stands at 5.97% while the volatility over the past one month is 9.92%.
The market cap for MXL stock reached $833.94 million, with 86.37 million shares outstanding and 80.27 million shares in the current float. Compared to the average trading volume of 1.94M shares, MXL reached a trading volume of 4474897 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $15.85 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 1.06, with the Price to Sales ratio for MXL stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 1.20.
How has MXL stock performed recently?
MaxLinear Inc [MXL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.88. With this latest performance, MXL shares dropped by -26.86% in over the last four-week period, additionally sinking by -32.20% over the last 6 months – not to mention a drop of -51.29% 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 40.79, with the RSI for the last a single of trading hit 41.05, and the three-weeks RSI is set at 40.52 for MaxLinear Inc [MXL]. The present Moving Average for the last 50 days of trading for this stock 12.60, while it was recorded at 10.24 for the last single week of trading, and 15.56 for the last 200 days.
MaxLinear Inc [MXL]: Deeper insight into the fundamentals
MaxLinear Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.19 and a Current Ratio set at 1.63.
Insider trade positions for MaxLinear Inc [MXL]
There are presently around $81.45%, or 87.29%% 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 15.5541%. 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 6.1745%.
