MaxLinear Inc (NASDAQ: MXL) on November 20, 2023, started off the session at the price of $17.49, soaring 4.83% from the previous trading day. During the day, the shares moved up to $18.49 and dropped to $17.49 before settling in for the closing price of $17.60. Within the past 52 weeks, MXL’s price has moved between $13.43 and $43.66.
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 27.37%. The company achieved an average annual earnings per share of -73.78%. With a float of $74.43 million, this company’s outstanding shares have now reached $78.75 million.
Considering the fact that the conglomerate employs 1844 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +56.93, operating margin of +16.54, and the pretax margin is +15.55.
MaxLinear Inc (MXL) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of MaxLinear Inc is 8.74%, while institutional ownership is 85.32%. The most recent insider transaction that took place on Feb 03, was worth 4,723,973. In this transaction an insider of this company sold 115,944 shares at a rate of $40.74, taking the stock ownership to the 3,921 shares. Before that another transaction happened on Dec 14, when Company’s Vice President of Sales sold 5,757 for $38.93, making the entire transaction worth $224,104. This insider now owns 81,474 shares in total.
MaxLinear Inc (MXL) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.02 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.04) by -$0.02. This company achieved a net margin of +11.16 while generating a return on equity of 21.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -73.78% per share during the next fiscal year.
MaxLinear Inc (NASDAQ: MXL) Trading Performance Indicators
MaxLinear Inc (MXL) is currently performing well based on its current performance indicators. A quick ratio of 1.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75. Likewise, its price to free cash flow for the trailing twelve months is 14.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.84 in one year’s time.
Technical Analysis of MaxLinear Inc (MXL)
Compared to the last year’s volume of 0.88 million, its volume of 0.95 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.46%. Additionally, its Average True Range was 0.87.
During the past 100 days, MaxLinear Inc’s (MXL) raw stochastic average was set at 23.18%, which indicates a significant decrease from 98.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.49% in the past 14 days, which was lower than the 75.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.69, while its 200-day Moving Average is $27.24. Nevertheless, the first resistance level for the watch stands at $18.80 in the near term. At $19.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.80. If the price goes on to break the first support level at $17.80, it is likely to go to the next support level at $17.14. Now, if the price goes above the second support level, the third support stands at $16.80.
MaxLinear Inc (NASDAQ: MXL) Key Stats
Market capitalization of the company is 1.50 billion based on 81,561K outstanding shares. Right now, sales total 1,120 M and income totals 125,040 K. The company made 135,530 K in profit during its latest quarter, and -39,830 K in sales during its previous quarter.