Stock Rating Downgrade
The Value Trend Rating for MaxLinear Inc (NASDAQ: MXL) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, MaxLinear Inc (NASDAQ: MXL) stock enjoyed a very large increase of 7.8%, closing at $13.77. Moreover, this advance was accompanied by exceptionally high trading volume at 326% of normal. Relative to the market the stock has been weak over the last nine months and has declined -42.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MXL is expected to continue to be a Value Builder.
MaxLinear has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MaxLinear has a neutral Appreciation Score of 50 but a poor Power Rating of 30, resulting in the Negative Value Trend Rating.
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