Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $2.28 in the last session, up 2.24% from day before closing price of $2.23. In other words, the price has increased by $2.24 from its previous closing price. On the day, 1.04 million shares were traded. MAXN stock price reached its highest trading level at $2.285 during the session, while it also had its lowest trading level at $2.1505.
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 0.87 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 2.56 whereas as Long-Term Debt/Eq ratio is at 2.39.
On March 08, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $7 to $3.
On November 21, 2023, Mizuho started tracking the stock assigning a Neutral rating and target price of $7.Mizuho initiated its Neutral rating on November 21, 2023, with a $7 target price.
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 120338624 and an Enterprise Value of 293079520. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.241 whereas that against EBITDA is 8.416.
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 $1.71. The 50-Day Moving Average of the stock is -20.71%, while the 200-Day Moving Average is calculated to be -71.43%.
Shares Statistics:
According to the various share statistics, MAXN traded on average about 2.37M shares per day over the past 3-months and 2777130 shares per day over the past 10 days. A total of 52.78M shares are outstanding, with a floating share count of 31.18M. Insiders hold about 40.93% of the company’s shares, while institutions hold 51.58% stake in the company. Shares short for MAXN as of 1713139200 were 12131144 with a Short Ratio of 5.12, compared to 1710460800 on 11039117. Therefore, it implies a Short% of Shares Outstanding of 12131144 and a Short% of Float of 50.93.
