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The closing price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) was $2.00 for the day, down -4.31% from the previous closing price of $2.09. In other words, the price has decreased by -$4.31 from its previous closing price. On the day, 3.24 million shares were traded. MAXN stock price reached its highest trading level at $2.3783 during the session, while it also had its lowest trading level at $1.98.
Ratios:
Our analysis of MAXN’s different ratios will help us gain a deeper understanding of the company. 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 110310400 and an Enterprise Value of 278301120. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.229 whereas that against EBITDA is 7.991.
Stock Price History:
The Beta on a monthly basis for MAXN is 1.57, which has changed by -0.9233717 over the last 52 weeks, in comparison to a change of 0.24191546 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 $1.71. The 50-Day Moving Average of the stock is -37.73%, while the 200-Day Moving Average is calculated to be -77.08%.
Shares Statistics:
MAXN traded an average of 2.33M shares per day over the past three months and 2811400 shares per day over the past ten 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 53.25% stake in the company. Shares short for MAXN as of 1713139200 were 12131144 with a Short Ratio of 5.21, compared to 1710460800 on 11039117. Therefore, it implies a Short% of Shares Outstanding of 12131144 and a Short% of Float of 50.93.
Earnings Estimates
Current recommendations for the stock of the company come from 5.0 analysts. On average, analysts expect EPS of -$1.8 for the current quarter, with a high estimate of -$0.87 and a low estimate of -$3.93, while EPS last year was -$1.84. The consensus estimate for the next quarter is -$0.99, with high estimates of -$0.71 and low estimates of -$1.24.
Analysts are recommending an EPS of between -$2.88 and -$4.05 for the fiscal current year, implying an average EPS of -$3.46. EPS for the following year is -$3.32, with 4.0 analysts recommending between -$3.03 and -$3.86.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $240.5M to a low estimate of $228.67M. As of the current estimate, Maxeon Solar Technologies Ltd’s year-ago sales were $323.5MFor the next quarter, 5 analysts are estimating revenue of $193.9M. There is a high estimate of $219.2M for the next quarter, whereas the lowest estimate is $184.22M.
A total of 6 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 $1.12B. In the same quarter a year ago, actual revenue was $1.06BBased on 4 analysts’ estimates, the company’s revenue will be $959.9M in the next fiscal year. The high estimate is $1.01B and the low estimate is $898.73M.
