Maxeon Solar Technologies Ltd (MAXN) Moving Averages: Key Indicators for Technical Analysis.

The price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $5.48 in the last session, up 4.58% from day before closing price of $5.24. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 1691186 shares were traded. MAXN stock price reached its highest trading level at $5.48 during the session, while it also had its lowest trading level at $5.11.

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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 1.12 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.52.

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, BofA Securities on October 16, 2023, Downgraded its rating to Neutral and sets its target price to $12 from $31 previously.

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 276.57M and an Enterprise Value of 287.26M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.23 whereas that against EBITDA is 8.11.

Stock Price History:

Over the past 52 weeks, MAXN has reached a high of $38.91, while it has fallen to a 52-week low of $4.98. The 50-Day Moving Average of the stock is 10.09, while the 200-Day Moving Average is calculated to be 20.88.

Shares Statistics:

According to the various share statistics, MAXN traded on average about 1.48M shares per day over the past 3-months and 1.4M shares per day over the past 10 days. A total of 45.03M shares are outstanding, with a floating share count of 31.12M. Insiders hold about 41.04% of the company’s shares, while institutions hold 55.00% stake in the company. Shares short for MAXN as of Oct 30, 2023 were 5.63M with a Short Ratio of 5.63M, compared to 5.07M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.67% and a Short% of Float of 23.65%.

Earnings Estimates

The company has Main Street Capital Corporation analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $5.48, with high estimates of $9.01 and low estimates of $71.74.

Analysts are recommending an EPS of between $Communication Services and $Industrials for the fiscal current year, implying an average EPS of $Technology. EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $Stocks.

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