In recent trading session, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) saw 11.8 million shares changing hands at last check today with its beta currently measuring 1.60. Company’s recent per share price level of $0.21 trading at $0.0 or -2.01% at last check today assigns it a market valuation of $11.68M. That most recent trading price of MAXN’s stock is at a discount of -13114.29% from its 52-week high price of $27.75 and is indicating a premium of 19.05% from its 52-week low price of $0.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 136.66 million shares which gives us an average trading volume of 62.04 million if we extend that period to 3-months.
For Maxeon Solar Technologies Ltd (MAXN), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 3.86. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Upright in the red during last session for losing -2.01%, in the last five days MAXN remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $0.21 price level, adding 11.65% to its value on the day. Maxeon Solar Technologies Ltd’s shares saw a change of -97.08% in year-to-date performance and have moved -2.74% in past 5-day. Maxeon Solar Technologies Ltd (NASDAQ:MAXN) showed a performance of -81.11% in past 30-days. Number of shares sold short was 25.93 million shares which calculate 0.18 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 93.0% to its recent value today. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -376.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -376.19% for stock’s current value.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Statistics highlight that Maxeon Solar Technologies Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -95.70% of value to its shares in past 6 months, showing an annual growth rate of 52.77% while that of industry is -5.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 26.86% during past 5 years.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
GRAHAM CAPITAL MANAGEMENT, L.P. is the top institutional holder at MAXN for having 5.63 million shares of worth $18.74 million. And as of 2024-03-31, it was holding 11.5041 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 5.4 million shares on 2024-03-31. The number of shares represents firm’s hold over 11.0401 of outstanding shares, having a total worth of $17.99 million.
