In the latest trading session, 0.56 million Maxeon Solar Technologies Ltd (NASDAQ:MAXN) shares changed hands as the company’s beta touched 1.36. With the company’s most recent per share price at $8.98 changing hands around $0.88 or 10.90% at last look, the market valuation stands at $126.43M. MAXN’s current price is a discount, trading about -8585.86% off its 52-week high of $779.99. The share price had its 52-week low at $4.98, which suggests the last value was 44.54% up since then. When we look at Maxeon Solar Technologies Ltd’s average trading volume, we note the 10-day average is 1.19 million shares, with the 3-month average coming to 1.32 million.
Analysts gave the Maxeon Solar Technologies Ltd (MAXN) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.67. If we narrow down to specifics, the data shows that 2 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MAXN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Maxeon Solar Technologies Ltd’s EPS for the current quarter is expected to be -4.26.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Instantly MAXN is in green as seen in intraday trades today. With action 5.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -98.75%, with the 5-day performance at 5.44% in the green. However, in the 30-day time frame, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is -2.62% down. Looking at the short shares, we see there were 1.39 million shares sold at short interest cover period of 0.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -199.33% from its recent market value. According to analyst projections, MAXN’s forecast low is 1 with 8 as the target high. To hit the forecast high, the stock’s price needs a 10.91% surge from its current level, while the stock would need to tank 88.86% for it to hit the projected low.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Data shows that the Maxeon Solar Technologies Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -95.14% over the past 6 months, a 95.46% in annual growth rate that is considerably higher than the industry average of -20.60%. Year-over-year growth is forecast to reach -52.14% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 65.6M. 1 analysts are of the opinion that Maxeon Solar Technologies Ltd’s revenue for the current quarter will be 85.5M. The company’s revenue for the corresponding quarters a year ago was 227.63M and 228.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -71.18%. The estimates for the next quarter sales put growth at -62.63%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.86%. The 2024 estimates are for Maxeon Solar Technologies Ltd earnings to increase by 91.21%.
MAXN Dividends
Maxeon Solar Technologies Ltd is expected to release its next quarterly earnings report in January.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
HUDSON BAY CAPITAL MANAGEMENT LP holds the second largest percentage of outstanding shares, with 9.6474% or 4.87 million shares worth $4.16 million as of 2024-06-30.
