A new trading day began on Friday, with MaxLinear Inc (NASDAQ: MXL) stock price down -1.59% from the previous day of trading, before settling in for the closing price of $15.09. MXL’s price has ranged from $11.08 to $26.59 over the past 52 weeks.
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Annual sales at Technology sector company grew by 21.43% over the past five years. Meanwhile, its annual earnings per share averaged -185.00%. With a float of $79.16 million, this company’s outstanding shares have now reached $81.82 million.
Let’s look at the performance matrix of the company that is accounted for 1759 employees. In terms of profitability, gross margin is 53.71%, operating margin of -56.65%, and the pretax margin is -61.09%.
MaxLinear Inc (MXL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of MaxLinear Inc is 6.17%, while institutional ownership is 86.82%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.01 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -185.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.86% during the next five years compared to -18.83% drop over the previous five years of trading.
MaxLinear Inc (NASDAQ: MXL) Trading Performance Indicators
Here are MaxLinear Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.72, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.38 in one year’s time.
Technical Analysis of MaxLinear Inc (MXL)
MaxLinear Inc (NASDAQ: MXL) saw its 5-day average volume 2.28 million, a positive change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 53.02%. Additionally, its Average True Range was 0.88.
During the past 100 days, MaxLinear Inc’s (MXL) raw stochastic average was set at 24.31%, which indicates a significant decrease from 46.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.89% in the past 14 days, which was lower than the 101.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.82, while its 200-day Moving Average is $17.92. Nevertheless, the first resistance level for the watch stands at $15.38 in the near term. At $15.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.33. If the price goes on to break the first support level at $14.42, it is likely to go to the next support level at $13.99. Assuming the price breaks the second support level, the third support level stands at $13.46.
MaxLinear Inc (NASDAQ: MXL) Key Stats
With a market capitalization of 1.25 billion, the company has a total of 83,128K Shares Outstanding. Currently, annual sales are 693,260 K while annual income is -73,150 K. The company’s previous quarter sales were 81,100 K while its latest quarter income was -75,790 K.
