MaxLinear Inc (NASDAQ: MXL) stock enjoyed a major increase of 15.6% on 8/29/24. The shares closed at $13.79. Moreover, exceptionally high trading volume at 242% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 7.8% 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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MaxLinear has a neutral Appreciation Score of 41 but a very low Power Rating of 8, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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