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In the latest session, Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $8.82 down -3.08% from its previous closing price of $9.10. In other words, the price has decreased by -$3.08 from its previous closing price. On the day, 0.62 million shares were traded. MAXN stock price reached its highest trading level at $9.86 during the session, while it also had its lowest trading level at $8.702.
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 134857792 and an Enterprise Value of 325944224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16. Its current Enterprise Value per Revenue stands at 0.394 whereas that against EBITDA is -1.933.
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 11.42%, while the 200-Day Moving Average is calculated to be -94.63%.
Shares Statistics:
For the past three months, MAXN has traded an average of 1.17M shares per day and 4093030 over the past ten days. A total of 15.29M shares are outstanding, with a floating share count of 4.54M. Insiders hold about 70.31% of the company’s shares, while institutions hold 3.78% stake in the company. Shares short for MAXN as of 1728950400 were 992660 with a Short Ratio of 0.85, compared to 1726185600 on 426586. Therefore, it implies a Short% of Shares Outstanding of 992660 and a Short% of Float of 6.61.
