MaxLinear Inc (NASDAQ: MXL) on Tuesday, plunged -6.16% from the previous trading day, before settling in for the closing price of $17.37. Within the past 52 weeks, MXL’s price has moved between $13.43 and $35.09.
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A company in the Technology sector has jumped its sales by 21.43% annually for the last half of the decade. The company achieved an average annual earnings per share of -136.53%. With a float of $76.10 million, this company’s outstanding shares have now reached $81.82 million.
In an organization with 1759 employees, it is important to assess its efficiency.
MaxLinear Inc (MXL) Insider and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of MaxLinear Inc is 8.45%, while institutional ownership is 85.63%. The most recent insider transaction that took place on Mar 01 ’24, was worth 234,840. In this transaction Director of this company sold 12,000 shares at a rate of $19.57, taking the stock ownership to the 61,556 shares.
MaxLinear Inc (MXL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -136.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.14% during the next five years compared to -18.83% drop over the previous five years of trading.
MaxLinear Inc (NASDAQ: MXL) Trading Performance Indicators
MaxLinear Inc (MXL) is currently performing well based on its current performance indicators. A quick ratio of 1.56 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 2.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.89, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach 0.77 in one year’s time.
Technical Analysis of MaxLinear Inc (MXL)
Let’s dig in a bit further. During the last 5-days, its volume was 0.48 million. That was inferior than the volume of 0.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.51%. Additionally, its Average True Range was 0.84.
During the past 100 days, MaxLinear Inc’s (MXL) raw stochastic average was set at 1.14%, which indicates a significant decrease from 2.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.77% in the past 14 days, which was lower than the 51.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.87, while its 200-day Moving Average is $20.24. However, in the short run, MaxLinear Inc’s stock first resistance to watch stands at $16.93. Second resistance stands at $17.56. The third major resistance level sits at $17.92. If the price goes on to break the first support level at $15.94, it is likely to go to the next support level at $15.57. The third support level lies at $14.94 if the price breaches the second support level.
MaxLinear Inc (NASDAQ: MXL) Key Stats
Market capitalization of the company is 1.36 billion based on 83,128K outstanding shares. Right now, sales total 693,260 K and income totals -73,150 K. The company made 95,270 K in profit during its latest quarter, and -72,310 K in sales during its previous quarter.
