The price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed at $4.01 in the last session, down -5.87% from day before closing price of $4.26. In other words, the price has decreased by -$0.2500 from its previous closing price. On the day, 2247919 shares were traded. MAXN stock price reached its highest trading level at $4.3100 during the session, while it also had its lowest trading level at $3.9300.
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.
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 this company, Mizuho on November 21, 2023, initiated with a Neutral rating and assigned the stock a target price of $7.
On November 16, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $25 to $7.
BofA Securities Downgraded its Buy to Neutral on October 16, 2023, whereas the target price for the stock was revised from $31 to $12.
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 224.32M and an Enterprise Value of 391.35M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is -13.72.
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 $3.90. The 50-Day Moving Average of the stock is 5.3035, while the 200-Day Moving Average is calculated to be 13.6104.
Shares Statistics:
According to the various share statistics, MAXN traded on average about 2.56M shares per day over the past 3-months and 2.24M shares per day over the past 10 days. A total of 45.03M shares are outstanding, with a floating share count of 31.18M. Insiders hold about 40.93% of the company’s shares, while institutions hold 53.13% stake in the company. Shares short for MAXN as of Feb 15, 2024 were 9.56M with a Short Ratio of 3.74, compared to 8.58M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.11% and a Short% of Float of 40.14%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.52 for the current quarter, with a high estimate of -$0.87 and a low estimate of -$2.6, while EPS last year was -$1.84. The consensus estimate for the next quarter is -$0.93, with high estimates of -$0.72 and low estimates of -$1.13.
Analysts are recommending an EPS of between -$2.66 and -$2.88 for the fiscal current year, implying an average EPS of -$2.77. EPS for the following year is -$2.71, with 6 analysts recommending between -$2.11 and -$3.4.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $233.8M. It ranges from a high estimate of $245.5M to a low estimate of $223.01M. As of the current estimate, Maxeon Solar Technologies Ltd’s year-ago sales were $323.5M, an estimated decrease of -27.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $244.48M, a decrease of -23.20% over than the figure of -$27.70% in the same quarter last year. There is a high estimate of $291.18M for the next quarter, whereas the lowest estimate is $219.2M.
A total of 7 analysts have provided revenue estimates for MAXN’s current fiscal year. The highest revenue estimate was $1.14B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.13B. In the same quarter a year ago, actual revenue was $1.06B, up 6.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.09B in the next fiscal year. The high estimate is $1.22B and the low estimate is $903.47M. The average revenue growth estimate for next year is down -3.80% from the average revenue estimate for this year.
