With 2.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.83 million shares. The 52-week range on MXL shows that it touched its highest point at $26.59 and its lowest point at $11.08 during that stretch. It currently has a 1-year price target of $22.45. Beta for the stock currently stands at 1.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MXL was down-trending over the past week, with a drop of -15.33%, but this was down by -38.50% over a month. Three-month performance dropped to -3.00% while six-month performance rose 15.67%. The stock lost -24.04% in the past year, while it has lost -27.96% so far this year. A look at the trailing 12-month EPS for MXL yields -2.93 with Next year EPS estimates of 0.88. For the next quarter, that number is -0.05. This implies an EPS growth rate of 141.82% for this year and 135.00% for next year.
Float and Shares Shorts:
At present, 84.61 million MXL shares are outstanding with a float of 79.50 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MXL since 12 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.92356 being high and -$0.95368 being low. For MXL, this leads to a yearly average estimate of -$0.94364. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.05.
