The price of MaxLinear Inc (NASDAQ:MXL) shares last traded on Wall Street fell -37.10% to $14.02.
MXL stock price is now -30.33% away from the 50-day moving average and -29.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
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On July 17, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $20 to quote $38, while ‘Northland Capital’ rates the stock as ‘Outperform’
In other news, Tewksbury Ted L III, Director sold 12,000 shares of the company’s stock on Mar 01 ’24. The stock was sold for $234,840 at an average price of $19.57. Upon completion of the transaction, the Director now directly owns 61,556 shares in the company, valued at $0.86 million. A total of 8.31% of the company’s stock is owned by insiders.
During the past 12 months, MaxLinear Inc has had a low of $13.43 and a high of $35.00. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.09, and a quick ratio of 1.59. The fifty day moving average price for MXL is $20.0292 and a two-hundred day moving average price translates $19.9368 for the stock.
The latest earnings results from MaxLinear Inc (NASDAQ: MXL) was released for 2024-06-30. The net profit margin was -42.38% and return on equity was -27.86% for MXL. The company reported revenue of $91.99 million for the quarter, compared to $183.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -49.99 percent.
