During the recent session, Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s traded shares were 111.77 million, with the beta value of the company hitting 1.46. At the last check today, the stock’s price was $0.12, reflecting an intraday loss of -21.51% or -$0.03. The 52-week high for the MAXN share is $16.38, that puts it down -13550.0 from that peak though still a striking 8.33% gain since the share price plummeted to a 52-week low of $0.11. The company’s market capitalization is $6.58M, and the average intraday trading volume over the past 10 days was 101.89 million shares, and the average trade volume was 84.93 million shares over the past three months.
Maxeon Solar Technologies Ltd (MAXN) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.67. MAXN has a Sell rating from 2 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.12.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Maxeon Solar Technologies Ltd (MAXN) registered a -21.51% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -21.51% in intraday trading to $0.12, hitting a weekly high. The stock’s 5-day price performance is -30.59%, and it has moved by -33.41% in 30 days. Based on these gigs, the overall price performance for the year is -99.22%. The short interest in Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is 29.56 million shares and it means that shorts have 0.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 96.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $8 respectively. As a result, MAXN is trading at a discount of -6566.67% off the target high and -733.33% off the low.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Statistics show that Maxeon Solar Technologies Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Maxeon Solar Technologies Ltd (MAXN) shares have gone down -97.05% during the last six months, with a year-to-date growth rate more than the industry average at 52.77% against -12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -394.70% this quarter and then drop -2,166.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -36.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 177.02M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 165.82M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.86%. While earnings are projected to return 23.00% in 2024.
MAXN Dividends
Maxeon Solar Technologies Ltd is due to release its next quarterly earnings on 2024-Sep-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
The next largest institutional holding, with 4.87 million shares, is of HUDSON BAY CAPITAL MANAGEMENT LP’s that is approximately 9.6474% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of Maxeon Solar Technologies Ltd (MAXN) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Federated Hermes MDT Small Cap Core Fund . Data provided on Jul 31, 2024 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 1.6 shares. This amounts to just over 2.92 percent of the company’s overall shares, with a $0.18 million market value. The same data shows that the other fund manager holds slightly less at 1.25, or about 2.27% of the stock, which is worth about $0.14 million.
