While MaxLinear Inc has overperformed by 1.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MXL fell by -42.32%, with highs and lows ranging from $26.59 to $11.08, whereas the simple moving average fell by -30.18% in the last 200 days.
On July 25, 2024, Needham Downgraded MaxLinear Inc (NASDAQ: MXL) to Hold. A report published by Craig Hallum on July 17, 2024, Upgraded its rating to ‘Buy’ for MXL. Northland Capital also Upgraded MXL shares as ‘Outperform’, setting a target price of $30 on the company’s shares in a report dated April 04, 2024. Needham Reiterated the rating as Buy on February 01, 2024, but set its price target from $28 to $25. Wells Fargo January 03, 2024d its ‘Overweight’ rating to ‘Equal Weight’ for MXL, as published in its report on January 03, 2024. ROTH MKM’s report from October 26, 2023 suggests a price prediction of $18 for MXL shares, giving the stock a ‘Neutral’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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Analysis of MaxLinear Inc (MXL)
Further, the quarter-over-quarter decrease in sales is -49.99%, showing a negative trend in the upcoming months.
One of the most important indicators of MaxLinear Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -27.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MXL is recording 1.24M average volume. On a monthly basis, the volatility of the stock is set at 6.57%, whereas on a weekly basis, it is put at 8.67%, with a loss of -12.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.33, showing growth from the present price of $13.33, which can serve as yet another indication of whether MXL is worth investing in or should be passed over.
How Do You Analyze MaxLinear Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MXL shares are owned by institutional investors to the tune of 87.00% at present.
