Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Maxlinear Inc before investing.

In this article, we go over a few key elements for understanding Maxlinear Inc’s stock price such as:

• Maxlinear Inc’s current stock price and volume
• Why Maxlinear Inc’s stock price changed recently
• Upgrades and downgrades for MXL from analysts
• MXL’s stock price momentum as measured by its relative strength

About Maxlinear Inc (MXL)

Before we jump into Maxlinear Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

MaxLinear, Inc. is an integrated circuit design company. It is a provider of communications systems-on-chip (SoC), solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products integrate all or substantial portions of a high-speed communication system, including radio frequency (RF), high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers and power management. Its customers include electronics distributors, module makers, original equipment manufacturers (OEMs), and original design manufacturers (ODMs), which incorporate its products in a range of electronic devices, such as data over cable service interface specifications (DOCSIS), fiber and DSL broadband modems and gateways, and Wi-Fi and wireline routers for home networking, among others. Its semiconductor devices and platform-level solutions are manufactured using CMOS process technology.

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Maxlinear Inc’s Stock Price as of Market Close

As of November 21, 2023, 4:00 PM, CST, Maxlinear Inc’s stock price was $17.71.

Maxlinear Inc is down 4.01% from its previous closing price of $18.45.

During the last market session, Maxlinear Inc’s stock traded between $17.49 and $18.49. Currently, there are 81.25 million shares of Maxlinear Inc stock available for purchase.

Unfortunately, Maxlinear Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Maxlinear Inc Stock Price History

Maxlinear Inc’s (MXL) price is currently up 16.51% so far this month.

During the month of November, Maxlinear Inc’s stock price has reached a high of $18.49 and a low of $14.90.

Over the last year, Maxlinear Inc has hit prices as high as $43.66 and as low as $13.43. Year to date, Maxlinear Inc’s stock is down 76.51%.

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What Caused Maxlinear Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 20, 2023, there were 9 analysts who downgraded Maxlinear Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Maxlinear Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Maxlinear Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Maxlinear Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Maxlinear Inc (MXL) by visiting AAII Stock Evaluator.

Relative Price Strength of Maxlinear Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 20, 2023, Maxlinear Inc has a weighted four-quarter relative price strength of -18.65%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

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Maxlinear Inc Stock Price: Bottom Line

As of November 21, 2023, Maxlinear Inc’s stock price is $17.71, which is down 4.01% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Maxlinear Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.