Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s traded shares stood at 0.49 million during the last session, with the company’s beta value hitting 1.34. At the close of trading, the stock’s price was $8.10, to imply a decrease of -7.00% or -$0.61 in intraday trading. The MAXN share’s 52-week high remains $779.99, putting it -9529.51% down since that peak but still an impressive 38.52% since price per share fell to its 52-week low of $4.98. The company has a valuation of $123.85M, with an average of 0.64 million shares in intraday trading volume over the past 10 days and average of 1.35 million shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Maxeon Solar Technologies Ltd (MAXN), translating to a mean rating of 3.67. Of 4 analyst(s) looking at the stock, 2 analyst(s) give MAXN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -6.66.
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Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
After registering a -7.00% downside in the last session, Maxeon Solar Technologies Ltd (MAXN) has traded red over the past five days. The 5-day price performance for the stock is 22.91%, and 5.74% over 30 days. With these gigs, the year-to-date price performance is -98.87%. Short interest in Maxeon Solar Technologies Ltd (NASDAQ:MAXN) saw shorts transact 1.39 million shares and set a 0.6 days time to cover.
The extremes give us $1 and $8 for target low and target high price respectively. As such, MAXN has been trading 1.23% off suggested target high and 87.65% from its likely low.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
Looking at statistics comparing Maxeon Solar Technologies Ltd share performance against respective industry, we note that the company has outperformed competitors. Maxeon Solar Technologies Ltd (MAXN) shares are -90.50% down over the last 6 months, with its year-to-date growth rate higher than industry average at 87.21% against -12.80%. The rating firms project that company’s revenue will shrink -51.34% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 86.2M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 165.8M.Earnings reports from the last fiscal year show that sales brought in 228.78M and 187.46M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -62.32% before dropping -11.55% in the following quarter.
MAXN Dividends
Maxeon Solar Technologies Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is HUDSON BAY CAPITAL MANAGEMENT LP with 4.87 million shares, or about 9.6474% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.16 million.
