In the last trading session, 19.61 million shares of the Maxeon Solar Technologies Ltd (NASDAQ:MAXN) were traded, and its beta was 1.43. Most recently the company’s share price was $0.08, and it changed around $0.0 or -0.12% from the last close, which brings the market valuation of the company to $118.53M. MAXN currently trades at a discount to its 52-week high of $10.43, offering almost -12937.5% off that amount. We note from Maxeon Solar Technologies Ltd’s average daily trading volume that its 10-day average is 38.51 million shares, with the 3-month average coming to 99.51 million.
Maxeon Solar Technologies Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended MAXN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Maxeon Solar Technologies Ltd is expected to report earnings per share of -0.05 for the current quarter.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Instantly MAXN has showed a red trend with a performance of -0.12% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.0981 on recent trading dayincreased the stock’s daily price by 18.45%. The company’s shares are currently down -98.83% year-to-date, but still down -6.56% over the last five days. On the other hand, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is -6.56% down in the 30-day period. We can see from the shorts that 42.66 million shares have been sold at a short interest cover period of 0.53 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 97.33% from its current value. Analyst projections state that MAXN is forecast to be at a low of $1 and a high of $8.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Maxeon Solar Technologies Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -97.03 percent over the past six months and at a 62.86% annual growth rate that is well above the industry average of -14.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -66.70% in revenue this quarter, and will report an increase of 81.00% in the next quarter. The year-over-year growth rate is expected to be -43.80%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 102.8M in revenue for the current quarter. 2 analysts expect Maxeon Solar Technologies Ltd to make 162.25M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -29.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.86%.
MAXN Dividends
Maxeon Solar Technologies Ltd’s next quarterly earnings report is expected to be released in November.
HUDSON BAY CAPITAL MANAGEMENT LP, with 9.6474% or 4.87 million shares worth $4.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
