Let’s look at the key reasons that are pushing MaxLinear Inc (MXL) to new highs

On Tuesday, MaxLinear Inc (NASDAQ: MXL) opened higher 2.25% from the last session, before settling in for the closing price of $13.36. Price fluctuations for MXL have ranged from $11.08 to $26.59 over the past 52 weeks.

Technology Sector giant saw their annual sales surged by 21.43% over the last five years. Company’s average yearly earnings per share was noted -180.45% at the time writing. With a float of $78.72 million, this company’s outstanding shares have now reached $81.82 million.

The firm has a total of 1759 workers. Let’s measure their productivity. In terms of profitability, gross margin is 53.85%, operating margin of -38.86%, and the pretax margin is -44.53%.

MaxLinear Inc (MXL) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of MaxLinear Inc is 6.17%, while institutional ownership is 87.08%. The most recent insider transaction that took place on Jul 30 ’24, was worth 1,401,592. In this transaction Chairman, President and CEO of this company bought 108,303 shares at a rate of $12.94, taking the stock ownership to the 531,937 shares. Before that another transaction happened on Mar 01 ’24, when Company’s Director sold 12,000 for $19.57, making the entire transaction worth $234,840. This insider now owns 61,556 shares in total.

MaxLinear Inc (MXL) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -180.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.81% during the next five years compared to -18.83% drop over the previous five years of trading.

MaxLinear Inc (NASDAQ: MXL) Trading Performance Indicators

Check out the current performance indicators for MaxLinear Inc (MXL). In the past quarter, the stock posted a quick ratio of 1.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.56.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.31, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach 0.42 in one year’s time.

Technical Analysis of MaxLinear Inc (MXL)

Analysing the last 5-days average volume posted by the [MaxLinear Inc, MXL], we can find that recorded value of 1.06 million was better than the volume posted last year of 0.92 million. As of the previous 9 days, the stock’s Stochastic %D was 33.94%. Additionally, its Average True Range was 0.84.

During the past 100 days, MaxLinear Inc’s (MXL) raw stochastic average was set at 16.63%, which indicates a significant decrease from 39.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.21% in the past 14 days, which was lower than the 101.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.26, while its 200-day Moving Average is $18.49. Now, the first resistance to watch is $13.93. This is followed by the second major resistance level at $14.20. The third major resistance level sits at $14.72. If the price goes on to break the first support level at $13.14, it is likely to go to the next support level at $12.62. Now, if the price goes above the second support level, the third support stands at $12.35.

MaxLinear Inc (NASDAQ: MXL) Key Stats

There are currently 83,128K shares outstanding in the company with a market cap of 1.15 billion. Presently, the company’s annual sales total 693,260 K according to its annual income of -73,150 K. Last quarter, the company’s sales amounted to 91,990 K and its income totaled -39,270 K.