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After finishing at $0.13 in the prior trading day, Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $0.12, down -8.86%. In other words, the price has decreased by -$8.86 from its previous closing price. On the day, 41.13 million shares were traded. MAXN stock price reached its highest trading level at $0.1297 during the session, while it also had its lowest trading level at $0.1121.
Ratios:
Our goal is to gain a better understanding of MAXN by taking a closer look at its different ratios. 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 63863468 and an Enterprise Value of 359202720. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01. Its current Enterprise Value per Revenue stands at 0.362 whereas that against EBITDA is -4.072.
Stock Price History:
Over the past 52 weeks, MAXN has reached a high of $16.38, while it has fallen to a 52-week low of $0.13. The 50-Day Moving Average of the stock is -79.63%, while the 200-Day Moving Average is calculated to be -96.43%.
Shares Statistics:
The stock has traded on average 71.31M shares per day over the past 3-months and 41028040 shares per day over the last 10 days, according to various share statistics. A total of 53.96M shares are outstanding, with a floating share count of 31.36M. Insiders hold about 43.70% of the company’s shares, while institutions hold 80.47% stake in the company. Shares short for MAXN as of 1722384000 were 25362403 with a Short Ratio of 0.36, compared to 1719532800 on 22952721. Therefore, it implies a Short% of Shares Outstanding of 25362403 and a Short% of Float of 4.8499998.
Earnings Estimates
At present, 6.0 analysts are actively evaluating the performance of Maxeon Solar Technologies Ltd (MAXN) in the stock market.The consensus estimate for the next quarter is -$0.68, with high estimates of -$0.19 and low estimates of -$1.22.
Analysts are recommending an EPS of between -$1.07 and -$5.08 for the fiscal current year, implying an average EPS of -$3.17. EPS for the following year is -$1.27, with 6.0 analysts recommending between -$0.06 and -$2.81.
Revenue Estimates
5 analysts predict $177.02M in revenue for the current quarter. 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 $165.82M. There is a high estimate of $189M for the next quarter, whereas the lowest estimate is $140M.
A total of 6 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $754.3M, while the lowest revenue estimate was $640.9M, resulting in an average revenue estimate of $715.32M. In the same quarter a year ago, actual revenue was $1.12BBased on 6 analysts’ estimates, the company’s revenue will be $917.34M in the next fiscal year. The high estimate is $1.06B and the low estimate is $788.6M.
