In the last trading session, 1.01 million shares of the Maxeon Solar Technologies Ltd (NASDAQ:MAXN) were traded, and its beta was 1.48. Most recently the company’s share price was $9.98, and it changed around -$1.52 or -13.22% from the last close, which brings the market valuation of the company to $132.42M. MAXN currently trades at a discount to its 52-week high of $779.99, offering almost -7715.53% off that amount. The share price’s 52-week low was $4.98, which indicates that the current value has risen by an impressive 50.1% since then. We note from Maxeon Solar Technologies Ltd’s average daily trading volume that its 10-day average is 1.74 million shares, with the 3-month average coming to 1.30 million.
Maxeon Solar Technologies Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.67. 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 -4.0 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 -13.22% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.49 on recent trading dayincreased the stock’s daily price by 31.12%. The company’s shares are currently down -98.61% year-to-date, but still up 13.15% over the last five days. On the other hand, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is 79.82% up in the 30-day period. We can see from the shorts that 1.52 million shares have been sold at a short interest cover period of 0.97 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to decrease their stock price by -232.67% 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 -96.62 percent over the past six months and at a 95.46% annual growth rate that is well above the industry average of -18.70%. The year-over-year growth rate is expected to be -52.16%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 65.6M in revenue for the current quarter. 1 analysts expect Maxeon Solar Technologies Ltd to make 85.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 227.63M and 228.78M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -71.18%. Forecasts for the next quarter put sales growth at -62.63%.
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 December.
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.
