Financial Metrics Unveiled: Maxeon Solar Technologies Ltd (MAXN)’s Key Ratios in the Spotlight

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The price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $1.36 in the last session, down -5.90% from day before closing price of $1.44. In other words, the price has decreased by -$5.90 from its previous closing price. On the day, 4.05 million shares were traded. MAXN stock price reached its highest trading level at $1.445 during the session, while it also had its lowest trading level at $1.35.

Ratios:

We take a closer look at MAXN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 1.36.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on June 04, 2024, Downgraded its rating to Sell and sets its target price to $1 from $11 previously.

On May 31, 2024, Northland Capital Downgraded its rating to Under Perform which previously was Market Perform and also lowered its target price recommendation 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 74356984 and an Enterprise Value of 426939584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 0.43 whereas that against EBITDA is -4.84.

Stock Price History:

Over the past 52 weeks, MAXN has reached a high of $32.58, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is -40.34%, while the 200-Day Moving Average is calculated to be -75.92%.

Shares Statistics:

According to the various share statistics, MAXN traded on average about 3.75M shares per day over the past 3-months and 4746900 shares per day over the past 10 days. A total of 53.96M shares are outstanding, with a floating share count of 33.30M. Insiders hold about 39.31% of the company’s shares, while institutions hold 52.63% stake in the company. Shares short for MAXN as of 1715731200 were 14456899 with a Short Ratio of 4.08, compared to 1713139200 on 12131144. Therefore, it implies a Short% of Shares Outstanding of 14456899 and a Short% of Float of 56.21000000000001.

Earnings Estimates

As of right now, 5.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$1.07 for the current quarter, with a high estimate of -$0.83 and a low estimate of -$1.35, while EPS last year was $0.38. The consensus estimate for the next quarter is -$0.73, with high estimates of -$0.26 and low estimates of -$1.22.

Analysts are recommending an EPS of between -$1.33 and -$5.08 for the fiscal current year, implying an average EPS of -$3.23. EPS for the following year is -$1.42, with 5.0 analysts recommending between -$0.06 and -$2.81.

Revenue Estimates

According to 5 analysts, the current quarter’s revenue is expected to be $179.71M. It ranges from a high estimate of $188.46M to a low estimate of $160M. As of the current estimate, Maxeon Solar Technologies Ltd’s year-ago sales were $372.63MFor the next quarter, 5 analysts are estimating revenue of $181.96M. There is a high estimate of $220.74M for the next quarter, whereas the lowest estimate is $142.9M.

A total of 6 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $903.47M, while the lowest revenue estimate was $640.9M, resulting in an average revenue estimate of $772.6M. In the same quarter a year ago, actual revenue was $1.12BBased on 6 analysts’ estimates, the company’s revenue will be $991.79M in the next fiscal year. The high estimate is $1.2B and the low estimate is $788.6M.

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