Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 1.33. At the close of trading, the stock’s price was $5.19, to imply a decrease of -5.81% or -$0.32 in intraday trading. The MAXN share’s 52-week high remains $602.00, putting it -11499.23% down since that peak but still an impressive 4.05% since price per share fell to its 52-week low of $4.98. The company has a valuation of $79.36M, with an average of 0.25 million shares in intraday trading volume over the past 10 days and average of 708.02K 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 4.00. 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 -83.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
After registering a -5.81% 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 -16.02%, and -31.98% over 30 days. With these gigs, the year-to-date price performance is -31.17%. 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 -54.14% off suggested target high and 80.73% from its likely low.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
The rating firms project that company’s revenue will shrink -50.85% compared to the previous financial year.
Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 165.8M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 26.86% for the past 5-year period. While 2025 is set for a 94.12% return in earnings, projections for the next 5 years are at 79.16% annually.
MAXN Dividends
Maxeon Solar Technologies Ltd has its next earnings report out in March. 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.
We also have AB Bond Fund Inc., AB All Market Real Return Port and Franklin K2 Alternative Strategies Fd as the top two Mutual Funds with the largest holdings of the Maxeon Solar Technologies Ltd (MAXN) shares. Going by data provided on Nov 30, 2024 , AB Bond Fund Inc., AB All Market Real Return Port holds roughly 5.17 shares. This is just over 0.01% of the total shares, with a market valuation of $26821.0. Data from the same date shows that the other fund manager holds a little less at 3.13, or 0.01% of the shares, all valued at about 16223.0.
