While MaxLinear Inc has overperformed by 0.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MXL fell by -37.48%, with highs and lows ranging from $35.09 to $13.43, whereas the simple moving average fell by -8.08% in the last 200 days.
On April 04, 2024, Northland Capital Upgraded MaxLinear Inc (NASDAQ: MXL) to Outperform. A report published by Needham on February 01, 2024, Reiterated its previous ‘Buy’ rating for MXL. Wells Fargo also Downgraded MXL shares as ‘Equal Weight’, setting a target price of $25 on the company’s shares in a report dated January 03, 2024. ROTH MKM October 26, 2023d the rating to Neutral on October 26, 2023, and set its price target from $35 to $18. Deutsche Bank October 19, 2023d its ‘Buy’ rating to ‘Hold’ for MXL, as published in its report on October 19, 2023. Loop Capital’s report from August 01, 2023 suggests a price prediction of $25 for MXL shares, giving the stock a ‘Hold’ rating. Craig Hallum also rated the stock as ‘Hold’.
Analysis of MaxLinear Inc (MXL)
Further, the quarter-over-quarter decrease in sales is -56.86%, showing a negative trend in the upcoming months.
To gain a thorough understanding of MaxLinear Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -10.74% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.75, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MXL is recording an average volume of 791.72K. On a monthly basis, the volatility of the stock is set at 5.02%, whereas on a weekly basis, it is put at 4.30%, with a loss of -8.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.55, showing growth from the present price of $19.82, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 8.50%. 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 86.01% 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 86.01% at present.
