Analyzing Stock On Your Own: Maxeon Solar Technologies Ltd (NASDAQ: MAXN)

Maxeon Solar Technologies Ltd (NASDAQ:MAXN) does about 3.68M shares in volume on a normal day but saw 2318026 shares change hands in Monday trading. The company now has a market cap of 82.87M USD. Its current market price is $1.51, marking no change compared to the previous close of $1.51. The 52 week high reached by this stock is $32.58 whilst the lowest price level in 52 weeks is $1.39.

Maxeon Solar Technologies Ltd (MAXN) has a 20-day trading average at $2.4940 and the current price is -95.37% off the 52-week high compared with 8.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.3565 and its 200-day simple moving average is $5.8090. If we look at the stock’s price movements over the week, volatility stands at 10.75%, which increases to 19.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.16 to suggest the stock is neutral.

The consensus objective for the share price is $2.17, suggesting that the stock has a potential upside of 30.41% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 04, 2024 when Goldman downgraded the stock to “Sell” and issued a price target of between $11 and $1. Northland Capital also downgraded the stock to “Under Perform” from Market Perform on May 31, 2024 at a price target of $7-$0.50.

Maxeon Solar Technologies Ltd (MAXN) stock is down -18.38% over the week and -35.19% over the past month. Its price is -78.94% year-to-date and -94.64% over the past year.

To reach the target analysts have set, the stock logically needs to grow 30.41 percent from here.

The company has a return on investment of -110.57% and return on equity of -1334.83%. The beta has a value of 1.58. Price to sales ratio is 0.08.