Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is -98.53% lower on its value in year-to-date trading and has touched a low of $4.98 and a high of $779.99 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 $10.33 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $10.53, the stock is 59.00% and 26.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing 1.94% at the moment leaves the stock -93.94% off its SMA200. MAXN registered -98.30% loss for a year compared to 6-month loss of -95.28%. The firm has a 50-day simple moving average (SMA 50) of $8.4982 and a 200-day simple moving average (SMA200) of $176.07504.
The stock witnessed a 25.21% gain in the last 1 month and extending the period to 3 months gives it a -38.06%, and is 62.75% 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 38.04% over the week and 18.74% over the month.
Maxeon Solar Technologies Ltd (MAXN) has around 3888 employees, a market worth around $180.29M and $828.08M in sales. Profit margin for the company is -43.85%. Distance from 52-week low is 111.45% and -98.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.48%).
The EPS is expected to grow by 95.06% this year.
Maxeon Solar Technologies Ltd (MAXN) Top Institutional Holders
The shares outstanding are 15.29M, and float is at 15.03M with Short Float at 6.60%.
The top institutional shareholder in the company is GRAHAM CAPITAL MANAGEMENT, L.P. with over 18.87 million shares valued at $16.1 million. The investor’s holdings represent 37.3727% of the MAXN Shares outstanding. As of 2024-06-30, the second largest holder is HUDSON BAY CAPITAL MANAGEMENT LP with 4.87 million shares valued at $4.16 million to account for 9.6474 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.94 million shares representing 7.7982% and valued at over $3.36 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 7.6285 of the shares totaling 3.85 million with a market value of $3.27 million.
Maxeon Solar Technologies Ltd (MAXN) Insider Activity
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