Maxeon Solar Technologies Ltd (NASDAQ:MAXN) currently has a daily average trading volume of 84.35M but it saw 39045752 shares traded in last market. With a market cap of 8.39M USD, the company’s current market price of $0.15 came falling about -5.04 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.38 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1406 while lowest mark touched by it was $0.1594.
Taking a look at 20-day trading activity of Maxeon Solar Technologies Ltd (MAXN) gives us an average price of $0.1574, while its current price level is -99.08% below from 52-week high level whereas it is 34.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3321 while that of 200 days or SMA-200 reads an average of $2.9927. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.89% during that period while stretching the period over a month that increases to 16.93%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.64 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which downgraded the stock as “Sell” in its note to investors issued on June 04, 2024, recommending a price target of between $11 and $1 for it. Northland Capital downgraded its recommendation for the stock as a “Under Perform” from “Market Perform” on May 31, 2024 while assigning a price target range of $7-$0.50.
Over the week, MAXN’s stock price is moving -17.66% down while it is -16.33% when we observe its performance for the past one month. Year-to-date it is -97.90% down and over the past year, the stock is showing a downside performance of -98.94%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.38 beat the consensus estimate of -0.47 for the same. The company is expected to be releasing its next quarterly report on 2024-Sep-09, for which analysts forecasted an EPS of -1.12 while estimate for next year EPS is -3.17. In next quarter, company is expected to be making quarterly sales of $165.82M as analysts are expecting the sales for current fiscal year at $715.32M and seeing the company making $917.34M in sales next year. Moreover, analysts are in estimates of $177.02M for current-quarter revenue.
Currently, Maxeon Solar Technologies Ltd’s total number of outstanding shares is 53.96M with 38.87% of that held by the insiders while 77.47% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -110.57% and return on equity (ROE) at -1334.83%. Stock’s beta reads 1.46. Stock has a price to sale or P/S ratio amounts to 0.01. Its return on asset (ROA) is -35.67% on average.
