With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.59 million shares. The 52-week range on MXL shows that it touched its highest point at $26.59 and its lowest point at $8.35 during that stretch. It currently has a 1-year price target of $15.05. Beta for the stock currently stands at 1.72.
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 up-trending over the past week, with a rise of 9.42%, but this was up by 22.46% over a month. Three-month performance dropped to -23.32% while six-month performance fell -20.42%. The stock lost -35.56% in the past year, while it has lost -37.16% so far this year. A look at the trailing 12-month EPS for MXL yields -2.64 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.02. This implies an EPS growth rate of 130.91% for this year and 184.79% for next year.
Float and Shares Shorts:
At present, 86.37 million MXL shares are outstanding with a float of 80.19 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.
