Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has a beta value of 1.40 and has seen 0.53 million shares traded in the recent trading session. The company, currently valued at $98.47M, closed the recent trade at $6.44 per share which meant it gained $0.79 on the day or 13.98% during that session. The MAXN stock price is -14278.88% off its 52-week high price of $926.00 and 22.67% above the 52-week low of $4.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.57 million shares traded. The 3-month trading volume is 726.21K shares.
The consensus among analysts is that Maxeon Solar Technologies Ltd (MAXN) is Sell stock at the moment, with a recommendation rating of 3.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -5.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Sporting 13.98% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MAXN stock price touched $6.44 or saw a rise of 15.49%. Year-to-date, Maxeon Solar Technologies Ltd shares have moved -99.10%, while the 5-day performance has seen it change -9.42%. Over the past 30 days, the shares of Maxeon Solar Technologies Ltd (NASDAQ:MAXN) have changed -19.40%. Short interest in the company has seen 0.7 million shares shorted with days to cover at 1.2.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could drop -114.67% from the levels at last check today. The projected low price target is $1.0 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -24.22% off the targeted high while a plunge would see the stock lose 84.47% from the levels at last check today.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Figures show that Maxeon Solar Technologies Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -96.71% over the past 6 months, with this year growth rate of 96.30%, compared to -13.10% for the industry. Revenue growth from the last financial year stood is estimated to be -41.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of 102.8M for the current quarter. 2 have an estimated revenue figure of 162.25M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 26.86% over the past 5 years.
MAXN Dividends
Maxeon Solar Technologies Ltd is expected to release its next earnings report on 2024-Sep-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
The top two institutional holders are GRAHAM CAPITAL MANAGEMENT, L.P. with over 18.87 million shares worth more than $16.1 million. As of 2024-06-30, GRAHAM CAPITAL MANAGEMENT, L.P. held 37.3727% of shares outstanding.
The other major institutional holder is HUDSON BAY CAPITAL MANAGEMENT LP, with the holding of over 4.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.16 million and represent 9.6474% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are AB Bond Fund Inc., AB All Market Real Return Port and BlackRock Advantage Small Cap Core Fund. As of Jul 31, 2024, the former fund manager holds about 0.02% shares in the company for having 12.51 shares of worth $78069.0 while later fund manager owns 5.58 shares of worth $34828.0 as of May 31, 2024, which makes it owner of about 0.01% of company’s outstanding stock.
