Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed the day trading at $6.85 down -10.22% from the previous closing price of $7.63. In other words, the price has decreased by -$10.22 from its previous closing price. On the day, 0.38 million shares were traded. MAXN stock price reached its highest trading level at $7.6 during the session, while it also had its lowest trading level at $6.8.
Ratios:
For a better understanding of MAXN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 1.11.
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 114466920 and an Enterprise Value of 325426176. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15. Its current Enterprise Value per Revenue stands at 0.393 whereas that against EBITDA is -1.929.
Stock Price History:
Over the past 52 weeks, MAXN has reached a high of $602.50, while it has fallen to a 52-week low of $4.98. The 50-Day Moving Average of the stock is -16.89%, while the 200-Day Moving Average is calculated to be -91.52%.
Shares Statistics:
Over the past 3-months, MAXN traded about 1.36M shares per day on average, while over the past 10 days, MAXN traded about 430830 shares per day. A total of 15.22M shares are outstanding, with a floating share count of 5.24M. Insiders hold about 65.70% of the company’s shares, while institutions hold 4.47% stake in the company. Shares short for MAXN as of 1731628800 were 1393897 with a Short Ratio of 0.79, compared to 1728950400 on 992660. Therefore, it implies a Short% of Shares Outstanding of 1393897 and a Short% of Float of 9.28.
Earnings Estimates
The market rating of Maxeon Solar Technologies Ltd (MAXN) is currently shaped by the ongoing analysis conducted by 1 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$77.0, with high estimates of -$77.0 and low estimates of -$77.0.
Analysts are recommending an EPS of between -$67.37 and -$67.37 for the fiscal current year, implying an average EPS of -$67.37. EPS for the following year is -$274.0, with 1.0 analysts recommending between -$274.0 and -$274.0.
Revenue Estimates
1 analysts predict $86.2M in revenue for the current quarter. It ranges from a high estimate of $86.2M to a low estimate of $86.2M. As of the current estimate, Maxeon Solar Technologies Ltd’s year-ago sales were $228.78MFor the next quarter, 1 analysts are estimating revenue of $165.8M. There is a high estimate of $165.8M for the next quarter, whereas the lowest estimate is $165.8M.
A total of 1 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $546.5M, while the lowest revenue estimate was $546.5M, resulting in an average revenue estimate of $546.5M. In the same quarter a year ago, actual revenue was $1.12BBased on 3 analysts’ estimates, the company’s revenue will be $842.46M in the next fiscal year. The high estimate is $1B and the low estimate is $738.77M.
