Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has a beta value of 1.33 and has seen 0.23 million shares traded in the last trading session. The company, currently valued at $87.76M, closed the last trade at $5.74 per share which meant it gained $0.18 on the day or 3.24% during that session. The MAXN stock price is -10387.8% off its 52-week high price of $602.00 and 16.72% above the 52-week low of $4.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.31 million shares traded. The 3-month trading volume is 589.00K shares.
The consensus among analysts is that Maxeon Solar Technologies Ltd (MAXN) is Sell stock at the moment, with a recommendation rating of 4.00. 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 -83.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Sporting 3.24% in the green in last session, 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 $5.74 or saw a rise of 4.65%. Year-to-date, Maxeon Solar Technologies Ltd shares have moved -23.87%, while the 5-day performance has seen it change 10.60%. Over the past 30 days, the shares of Maxeon Solar Technologies Ltd (NASDAQ:MAXN) have changed -10.31%. Short interest in the company has seen 0.77 million shares shorted with days to cover at 2.52.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could drop -91.33% from current levels. 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 current price level is -39.37% off the targeted high while a plunge would see the stock lose 82.58% from current levels.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
The company’s shares have lost -58.97% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -50.85%. 1 have an estimated revenue figure of 165.8M for the next ending quarter.
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. Earnings growth for 2025 is a modest 94.12% while over the next 5 years, the company’s earnings are expected to increase by 79.16%.
MAXN Dividends
Maxeon Solar Technologies Ltd is expected to release its next earnings report in March 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 Franklin K2 Alternative Strategies Fd. As of Nov 30, 2024 , the former fund manager holds about 0.01% shares in the company for having 5.17 shares of worth $29664.0 while later fund manager owns 3.13 shares of worth $17943.0 as of Nov 30, 2024 , which makes it owner of about 0.01% of company’s outstanding stock.
