Currently, there are 53.96M common shares owned by the public and among those 31.36M shares have been available to trade.
The company’s stock has a 5-day price change of 52.19% and -94.33% over the past three months. MAXN shares are trading -97.53% year to date (YTD), with the 12-month market performance down to -98.76% lower. It has a 12-month low price of $0.11 and touched a high of $16.38 over the same period. MAXN has an average intraday trading volume of 83.52 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 8.61%, -58.87%, and -94.30% respectively.
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Institutional ownership of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) shares accounts for 80.47% of the company’s 53.96M shares outstanding.
It has a market capitalization of $9.86M and a beta (3y monthly) value of 1.46. The earnings-per-share (ttm) stands at -$7.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 27.09% over the week and 15.67% over the month.
Earnings per share for the fiscal year are expected to increase by 23.00%, and 53.86% over the next financial year.
Looking at the support for the MAXN, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on June 04, 2024, with the firm’s price target at $11-$1. Northland Capital coverage for the Maxeon Solar Technologies Ltd (MAXN) stock in a research note released on May 31, 2024 offered a Under Perform rating with a price target of $0.50. Raymond James was of a view on April 09, 2024 that the stock is Mkt Perform, while UBS gave the stock Sell rating on March 08, 2024, issuing a price target of $7- $3. Mizuho on their part issued Neutral rating on November 21, 2023.
