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After finishing at $9.98 in the prior trading day, Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $9.19, down -7.92%. In other words, the price has decreased by -$7.92 from its previous closing price. On the day, 1.05 million shares were traded. MAXN stock price reached its highest trading level at $10.07 during the session, while it also had its lowest trading level at $8.95.
Ratios:
Our goal is to gain a better understanding of MAXN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 1.36.
On June 04, 2024, Goldman Downgraded its rating to Sell which previously was Buy and also lowered its target price recommendation from $11 to $1.
Northland Capital Downgraded its Market Perform to Under Perform on May 31, 2024, whereas the target price for the stock was revised from $7 to $0.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAXN now has a Market Capitalization of 140515088 and an Enterprise Value of 326590432. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15. Its current Enterprise Value per Revenue stands at 0.394 whereas that against EBITDA is -1.936.
Stock Price History:
Over the past 52 weeks, MAXN has reached a high of $779.99, while it has fallen to a 52-week low of $4.98. The 50-Day Moving Average of the stock is 12.47%, while the 200-Day Moving Average is calculated to be -93.89%.
Shares Statistics:
The stock has traded on average 1.31M shares per day over the past 3-months and 1741430 shares per day over the last 10 days, according to various share statistics. A total of 15.29M shares are outstanding, with a floating share count of 5.38M. Insiders hold about 64.81% of the company’s shares, while institutions hold 4.27% stake in the company. Shares short for MAXN as of 1730332800 were 1515974 with a Short Ratio of 1.16, compared to 1727654400 on 704486. Therefore, it implies a Short% of Shares Outstanding of 1515974 and a Short% of Float of 10.09.
