MaxLinear Inc (NASDAQ:MXL) shares, rose in value, with the stock price up by 0.72% to the previous day’s close as strong demand from buyers drove the stock to $20.93.
Actively observing the price movement in the last trading, the stock closed the session at $20.78. Referring to stock’s 52-week performance, its high was $35.09, and the low was $13.43. On the whole, MXL has fluctuated by 15.25% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MXL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MXL currently trading nearly -0.05% and 5.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.69, while the 7-day volatility ratio is showing 4.68% which for the 30-day chart, stands at 5.38%. Furthermore, MaxLinear Inc (MXL)’s beta value is 1.93, and its average true range (ATR) is 1.09.
A comparison of MaxLinear Inc (MXL) with its peers suggests the former has fared considerably weaker in the market. MXL showed an intraday change of 0.72% in last session, and over the past year, it shrunk by -32.00%%.
Data on historical trading for MaxLinear Inc (NASDAQ:MXL) indicates that the trading volumes over the past 3 months, they’ve averaged 795.86K. According to company’s latest data on outstanding shares, there are 81.82 million shares outstanding.
Nearly 8.50% of MaxLinear Inc’s shares belong to company insiders and institutional investors own 86.03% of the company’s shares. The stock has fallen by -11.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MXL stock heading into the next quarter.
