The price of MaxLinear Inc (NASDAQ:MXL) shares last traded on Wall Street fell -19.83% to $17.47.
MXL stock price is now -9.41% away from the 50-day moving average and 0.69% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
With the price target of $14, Wells Fargo recently initiated with Equal Weight rating for MaxLinear Inc (NASDAQ: MXL). On October 01, 2024, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock keeping its target price maintained at $15, while ‘Needham’ rates the stock as ‘Hold’
In other news, LITCHFIELD STEVEN G, insider sold 32,000 shares of the company’s stock on Dec 13 ’24. The stock was sold for $651,206 at an average price of $20.35. Upon completion of the transaction, the insider now directly owns 365,868 shares in the company, valued at $6.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Officer LITCHFIELD STEVEN G bought 32,000 shares of the business’s stock. A total of $651,206 was incurred on buying the stock at an average price of $20.35. A total of 6.09% of the company’s stock is owned by insiders.
During the past 12 months, MaxLinear Inc has had a low of $11.08 and a high of $26.59. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 1.77, and a quick ratio of 1.28. The fifty day moving average price for MXL is $19.2334 and a two-hundred day moving average price translates $17.37255 for the stock.
The latest earnings results from MaxLinear Inc (NASDAQ: MXL) was released for 2024-09-30. The net profit margin was -68.01% and return on equity was -40.78% for MXL. The company reported revenue of $81.1 million for the quarter, compared to $135.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.16 percent.
