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Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed the day trading at $1.82 down -4.96% from the previous closing price of $1.91. In other words, the price has decreased by -$4.96 from its previous closing price. On the day, 3.87 million shares were traded. MAXN stock price reached its highest trading level at $1.96 during the session, while it also had its lowest trading level at $1.74.
Ratios:
For a better understanding of MAXN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 2.56 whereas as Long-Term Debt/Eq ratio is at 2.39.
On March 08, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $7 to $3.
On November 21, 2023, Mizuho started tracking the stock assigning a Neutral rating and target price of $7.Mizuho initiated its Neutral rating on November 21, 2023, with a $7 target price.
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 96059784 and an Enterprise Value of 268800704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 0.221 whereas that against EBITDA is 7.718.
Stock Price History:
The Beta on a monthly basis for MAXN is 1.67, which has changed by -0.94372296 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, MAXN has reached a high of $38.91, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is -49.60%, while the 200-Day Moving Average is calculated to be -80.73%.
Shares Statistics:
Over the past 3-months, MAXN traded about 2.28M shares per day on average, while over the past 10 days, MAXN traded about 2810390 shares per day. A total of 52.78M shares are outstanding, with a floating share count of 31.18M. Insiders hold about 40.93% of the company’s shares, while institutions hold 53.43% stake in the company. Shares short for MAXN as of 1711584000 were 12427884 with a Short Ratio of 5.45, compared to 1709164800 on 10611373. Therefore, it implies a Short% of Shares Outstanding of 12427884 and a Short% of Float of 52.18000000000001.
Earnings Estimates
A detailed examination of Maxeon Solar Technologies Ltd (MAXN) is currently in progress, with 5 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$1.8 for the current quarter, with a high estimate of -$0.87 and a low estimate of -$3.93, while EPS last year was -$1.84. The consensus estimate for the next quarter is -$0.99, with high estimates of -$0.71 and low estimates of -$1.24.
Analysts are recommending an EPS of between -$2.88 and -$4.05 for the fiscal current year, implying an average EPS of -$3.46. EPS for the following year is -$3.32, with 4 analysts recommending between -$3.03 and -$3.86.
Revenue Estimates
5 analysts predict $229M in revenue for the current quarter. It ranges from a high estimate of $240.5M to a low estimate of $228.67M. As of the current estimate, Maxeon Solar Technologies Ltd’s year-ago sales were $323.5M, an estimated decrease of -29.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $193.9M, a decrease of -39.10% less than the figure of -$29.20% in the same quarter last year. There is a high estimate of $219.2M for the next quarter, whereas the lowest estimate is $184.22M.
A total of 6 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $1.14B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $1.06B, up 5.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $959.9M in the next fiscal year. The high estimate is $1.01B and the low estimate is $898.73M. The average revenue growth estimate for next year is down -14.50% from the average revenue estimate for this year.
