During the last session, Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s traded shares were 1.21 million, with the beta value of the company hitting 1.43. At the end of the trading day, the stock’s price was $5.24, reflecting an intraday loss of -17.30% or -$1.09. The 52-week high for the MAXN share is $1020.00, that puts it down -19365.65 from that peak though still a striking -20.23% loss since the share price plummeted to a 52-week low of $6.30. The company’s market capitalization is $73.78M, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 822.09K 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 3.00. 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.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Maxeon Solar Technologies Ltd (MAXN) registered a -17.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -17.30% in intraday trading to $5.24, hitting a weekly high. The stock’s 5-day price performance is -37.83%, and it has moved by -42.47% in 30 days. Based on these gigs, the overall price performance for the year is -99.47%. The short interest in Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is 0.7 million shares and it means that shorts have 1.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -74.67% 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 -52.67% off the target high and 80.92% off the low.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Statistics show that Maxeon Solar Technologies Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Maxeon Solar Technologies Ltd (MAXN) shares have gone down -97.77% during the last six months, with a year-to-date growth rate less than the industry average at -3,619.83% against -4.10.
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 52.26% in 2024.
MAXN Dividends
Maxeon Solar Technologies Ltd is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
