Currently, there are 52.78M common shares owned by the public and among those 31.18M shares have been available to trade.
The company’s stock has a 5-day price change of -8.10% and -53.41% over the past three months. MAXN shares are trading -62.83% year to date (YTD), with the 12-month market performance down to -90.00% lower. It has a 12-month low price of $2.73 and touched a high of $38.91 over the same period. MAXN has an average intraday trading volume of 2.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.91%, -33.38%, and -74.47% respectively.
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Institutional ownership of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) shares accounts for 53.32% of the company’s 52.78M shares outstanding.
It has a market capitalization of $140.66M and a beta (3y monthly) value of 1.49. The earnings-per-share (ttm) stands at -$5.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.47% over the week and 9.99% over the month.
Analysts forecast that Maxeon Solar Technologies Ltd (MAXN) will achieve an EPS of -$1.54 for the current quarter, -$0.95 for the next quarter and -$2.93 for 2024. The lowest estimate earnings-per-share for the quarter is -$2.6 while analysts give the company a high EPS estimate of -$0.87. Comparatively, EPS for the current quarter was -$1.84 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.76%, and 35.79% over the next financial year.
UBS coverage for the Maxeon Solar Technologies Ltd (MAXN) stock in a research note released on March 08, 2024 offered a Sell rating with a price target of $3. Mizuho was of a view on November 21, 2023 that the stock is Neutral, while Northland Capital gave the stock Market Perform rating on November 16, 2023, issuing a price target of $25- $7. BofA Securities on their part issued Neutral rating on October 16, 2023.
