Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has a beta value of 1.37 and has seen 1.77 million shares traded in the recent trading session. The company, currently valued at $123.54M, closed the recent trade at $8.08 per share which meant it gained $0.1 on the day or 1.25% during that session. The MAXN stock price is -9553.34% off its 52-week high price of $779.99 and 38.37% 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 1.3 million shares traded. The 3-month trading volume is 1.27 million shares.
The consensus among analysts is that Maxeon Solar Technologies Ltd (MAXN) is Sell stock at the moment, with a recommendation rating of 3.67. 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 -4.0.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Sporting 1.25% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MAXN stock price touched $8.08 or saw a rise of 16.36%. Year-to-date, Maxeon Solar Technologies Ltd shares have moved -98.87%, while the 5-day performance has seen it change 7.73%. Over the past 30 days, the shares of Maxeon Solar Technologies Ltd (NASDAQ:MAXN) have changed 24.88%. Short interest in the company has seen 1.52 million shares shorted with days to cover at 0.97.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could drop -169.33% 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 0.99% off the targeted high while a plunge would see the stock lose 87.62% 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 -97.40% over the past 6 months, with this year growth rate of 95.46%, compared to -20.60% for the industry. Revenue growth from the last financial year stood is estimated to be -52.16%.
1 analysts offering their estimates for the company have set an average revenue estimate of 65.6M for the current quarter. 1 have an estimated revenue figure of 85.5M for the next ending quarter. Year-ago sales stood 227.63M and 228.78M respectively for this quarter and the next, and analysts expect sales will shrink by -71.18% for the current quarter and -52.16% for the next.
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 in December 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 Hartford Strategic Income Fund. As of Sep 30, 2024, the former fund manager holds about 0.02% shares in the company for having 12.84 shares of worth $0.1 million while later fund manager owns 5.3 shares of worth $41679.0 as of Jul 31, 2024, which makes it owner of about 0.01% of company’s outstanding stock.
