Maxeon Solar Technologies Ltd (NASDAQ: MAXN) closed the day trading at $3.33 up 1.83% from the previous closing price of $3.27. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 2409294 shares were traded.
Ratios:
For a better understanding of MAXN, let’s look at its different ratios. 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 the company, UBS on March 08, 2024, Downgraded its rating to Sell and sets its target price to $3 from $7 previously.
On November 21, 2023, Mizuho started tracking the stock assigning a Neutral rating and target price of $7.
Northland Capital Downgraded its Outperform to Market Perform on November 16, 2023, whereas the target price for the stock was revised from $25 to $7.
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 175.76M and an Enterprise Value of 342.79M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is -12.01.
Stock Price History:
The Beta on a monthly basis for MAXN is 1.46, which has changed by -87.88% over the last 52 weeks, in comparison to a change of 27.39% over the same period for the S&P500. Over the past 52 weeks, MAXN has reached a high of $38.91, while it has fallen to a 52-week low of $2.84. The 50-Day Moving Average of the stock is 4.2300, while the 200-Day Moving Average is calculated to be 11.1891.
Shares Statistics:
Over the past 3-months, MAXN traded about 2.25M shares per day on average, while over the past 10 days, MAXN traded about 2.03M shares per day. 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 53.40% stake in the company. Shares short for MAXN as of Mar 15, 2024 were 11.04M with a Short Ratio of 4.90, compared to 9.56M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.92% and a Short% of Float of 46.35%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$1.5 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 -$0.95, with high estimates of -$0.72 and low estimates of -$1.19.
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 -$2.79, with 6 analysts recommending between -$2.11 and -$3.89.
Revenue Estimates
6 analysts predict $233.8M in revenue for the current quarter. 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 $242.33M, a decrease of -23.90% 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 $1.08B 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 -4.30% from the average revenue estimate for this year.
