In the last trading session, 0.57 million shares of the Maxeon Solar Technologies Ltd (NASDAQ:MAXN) were traded, and its beta was 1.40. Most recently the company’s share price was $3.17, and it changed around -$0.23 or -6.77% from the last close, which brings the market valuation of the company to $48.47M. MAXN currently trades at a discount to its 52-week high of $431.00, offering almost -13496.21% off that amount. The share price’s 52-week low was $3.31, which indicates that the current value has fallen by an impressive -4.42% since then.
Maxeon Solar Technologies Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended MAXN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Maxeon Solar Technologies Ltd is expected to report earnings per share of 0 for the current quarter.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN) trade information
Instantly MAXN has showed a red trend with a performance of -6.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.89 on recent trading dayincreased the stock’s daily price by 35.17%. The company’s shares are currently down -57.96% year-to-date, but still down -31.98% over the last five days. On the other hand, Maxeon Solar Technologies Ltd (NASDAQ:MAXN) is -48.71% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to decrease their stock price by -5.67% from its current value. Analyst projections state that MAXN is forecast to be at a low of $1 and a high of $8.
Maxeon Solar Technologies Ltd (MAXN) estimates and forecasts
The year-over-year growth rate is expected to be -50.85%, down from the previous year. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.86%.
Maxeon Solar Technologies Ltd (NASDAQ:MAXN)’s Major holders
HUDSON BAY CAPITAL MANAGEMENT LP, with 9.6474% or 4.87 million shares worth $4.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Micro Cap ETF and AB Bond Fund Inc., AB All Market Real Return Port were the top two Mutual Funds as of Dec 31, 2024. The former held 18.64 shares worth $61149.0, making up 0.03% of all outstanding shares. On the other hand, AB Bond Fund Inc., AB All Market Real Return Port held roughly 5.17 shares worth around $16951.0, which represents about 0.01% of the total shares outstanding.
