Maxeon Solar Technologies Ltd (MAXN) down -52.99% since start of the year

Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is -52.99% lower on its value in year-to-date trading and has touched a low of $3.91 and a high of $38.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAXN stock was last observed hovering at around $6.89 in the last trading session, with the day’s gains setting it 0.66%.

Currently trading at $7.55, the stock is 50.49% and 29.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing 9.58% at the moment leaves the stock -59.79% off its SMA200. MAXN registered -59.36% loss for a year compared to 6-month loss of -71.21%. The firm has a 50-day simple moving average (SMA 50) of $0.44 and a 200-day simple moving average (SMA200) of -$18.60.

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The stock witnessed a 65.93% gain in the last 1 month and extending the period to 3 months gives it a -37.71%, and is 36.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.82% over the week and 12.26% over the month.

Maxeon Solar Technologies Ltd (MAXN) has around 5344 employees, a market worth around $398.49M and $1.22B in sales. Profit margin for the company is -13.56%. Distance from 52-week low is 93.09% and -80.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.70%).

Maxeon Solar Technologies Ltd (MAXN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Maxeon Solar Technologies Ltd (MAXN) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.62, where 6 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Maxeon Solar Technologies Ltd is expected to release its quarterly report on 04/02/2024.The EPS is expected to grow by 57.69% this year.

Maxeon Solar Technologies Ltd (MAXN) Top Institutional Holders

The shares outstanding are 45.03M, and float is at 31.18M with Short Float at 23.19%.