In last trading session, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) saw 0.77 million shares changing hands with its beta currently measuring 1.38. Company’s recent per share price level of $7.40 trading at $0.81 or 12.29% at ring of the bell on the day assigns it a market valuation of $113.14M. That closing price of MAXN’s stock is at a discount of -10440.41% from its 52-week high price of $779.99 and is indicating a premium of 32.7% from its 52-week low price of $4.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 1.34 million if we extend that period to 3-months.
For Maxeon Solar Technologies Ltd (MAXN), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 3.67. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -6.66 in the current quarter.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Maxeon Solar Technologies Ltd’s shares saw a change of -98.97% in year-to-date performance and have moved 34.55% in past 5-day. Maxeon Solar Technologies Ltd (NASDAQ:MAXN) showed a performance of -14.65% in past 30-days. Number of shares sold short was 1.39 million shares which calculate 0.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a fall of -146.67% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would jump 86.49% in reaching the projected high whereas dropping to the targeted low would mean a gain of 86.49% for stock’s current value.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Statistics highlight that Maxeon Solar Technologies Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -93.05% of value to its shares in past 6 months, showing an annual growth rate of 87.21% while that of industry is -12.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -51.34% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 86.2M for the same. And 1 analysts are in estimates of company making revenue of 165.8M in the next quarter. Company posted 228.78M and 187.46M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 26.86% during past 5 years.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
GRAHAM CAPITAL MANAGEMENT, L.P. is the top institutional holder at MAXN for having 18.87 million shares of worth $16.1 million. And as of 2024-06-30, it was holding 37.3727 of the company’s outstanding shares.
The second largest institutional holder is HUDSON BAY CAPITAL MANAGEMENT LP, which was holding about 4.87 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6474 of outstanding shares, having a total worth of $4.16 million.
