Maxeon Solar Technologies Ltd (MAXN) concluded trading on Wednesday at a closing price of $2.11, with 3.35 million shares of worth about $7.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -75.77% during that period and on April 17, 2024 the price saw a gain of about 7.93%. Currently the company’s common shares owned by public are about 52.78M shares, out of which, 31.18M shares are available for trading.
However, the stock later moved at a day high price of 2.3781, or with a gain of 7.93%. Stock saw a price change of -12.81% in past 5 days and over the past one month there was a price change of -29.90%. Year-to-date (YTD), MAXN shares are showing a performance of -70.57% which decreased to -92.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.89 but also hit the highest price of $38.91 during that period. The average intraday trading volume for Maxeon Solar Technologies Ltd shares is 2.25 million. The stock is currently trading -24.92% below its 20-day simple moving average (SMA20), while that difference is down -43.02% for SMA50 and it goes to -78.26% lower than SMA200.
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Maxeon Solar Technologies Ltd (NASDAQ: MAXN) currently have 52.78M outstanding shares and institutions hold larger chunk of about 53.46% of that.
The stock has a current market capitalization of $111.37M and its 3Y-monthly beta is at 1.61. It has posted earnings per share of -$5.35 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 2.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAXN, volatility over the week remained 10.76% while standing at 10.43% over the month.
Stock’s fiscal year EPS is expected to rise by 49.81% while it is estimated to increase by 5.36% in next year.
Coverage by UBS stated Maxeon Solar Technologies Ltd (MAXN) stock as a Sell in their note to investors on March 08, 2024, suggesting a price target of $3 for the stock. On November 21, 2023, Mizuho Initiated their recommendations, while on November 16, 2023, Northland Capital Downgrade their ratings for the stock with a price target of $7. Stock get a Neutral rating from BofA Securities on October 16, 2023.
