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In the latest session, Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $5.20 down -9.57% from its previous closing price of $5.75. In other words, the price has decreased by -$9.57 from its previous closing price. On the day, 0.6 million shares were traded. MAXN stock price reached its highest trading level at $5.75 during the session, while it also had its lowest trading level at $5.15.
Ratios:
For a deeper understanding of Maxeon Solar Technologies Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 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 87917440 and an Enterprise Value of 323927680. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10. Its current Enterprise Value per Revenue stands at 0.391 whereas that against EBITDA is -1.921.
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 -45.74%, while the 200-Day Moving Average is calculated to be -97.32%.
Shares Statistics:
For the past three months, MAXN has traded an average of 645.53K shares per day and 643550 over the past ten days. A total of 15.29M shares are outstanding, with a floating share count of 15.03M. Insiders hold about 1.73% of the company’s shares, while institutions hold 2.95% stake in the company. Shares short for MAXN as of 1727654400 were 704486 with a Short Ratio of 1.09, compared to 1724976000 on 584412. Therefore, it implies a Short% of Shares Outstanding of 704486 and a Short% of Float of 5.07.
Earnings Estimates
As of right now, 2.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$28.34, with high estimates of -$0.02 and low estimates of -$81.0.
Analysts are recommending an EPS of between -$0.13 and -$22 for the fiscal current year, implying an average EPS of -$11.06. EPS for the following year is -$5.52, with 2.0 analysts recommending between -$0.05 and -$11.0.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $162.25M. There is a high estimate of $239M for the next quarter, whereas the lowest estimate is $85.5M.
A total of 3 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $739M, while the lowest revenue estimate was $522.7M, resulting in an average revenue estimate of $604.57M. In the same quarter a year ago, actual revenue was $1.12BBased on 3 analysts’ estimates, the company’s revenue will be $782.39M in the next fiscal year. The high estimate is $1B and the low estimate is $608.4M.
