Technical analysis of MaxLinear Inc (MXL) stock chart patterns

While MaxLinear Inc has underperformed by -12.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MXL fell by -42.79%, with highs and lows ranging from $26.59 to $11.08, whereas the simple moving average fell by -32.07% in the last 200 days.

On October 01, 2024, Susquehanna Downgraded MaxLinear Inc (NASDAQ: MXL) to Neutral. A report published by Needham on July 25, 2024, Downgraded its rating to ‘Hold’ for MXL. Craig Hallum also Upgraded MXL shares as ‘Buy’, setting a target price of $38 on the company’s shares in a report dated July 17, 2024. Needham resumed its ‘Buy’ rating for MXL, as published in its report on February 01, 2024. Wells Fargo’s report from January 03, 2024 suggests a price prediction of $25 for MXL shares, giving the stock a ‘Equal Weight’ rating. ROTH MKM also rated the stock as ‘Neutral’.

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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.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of MaxLinear Inc’s future performance, with equity being one of the most critical indicators. 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.

As an indicator of volatility for any stock, average volume can also be very valuable, and MXL is recording an average volume of 1.26M. On a monthly basis, the volatility of the stock is set at 6.16%, whereas on a weekly basis, it is put at 6.34%, with a loss of -14.62% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.11, showing growth from the present price of $12.73, 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?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 6.17%. 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 87.07% 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 87.07% at present.

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