Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is -98.11% 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 $11.69 in the last trading session, with the day’s gains setting it 1.83%.
Currently trading at $13.52, the stock is 64.98% and 67.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing 15.65% at the moment leaves the stock -91.39% off its SMA200. MAXN registered -97.53% loss for a year compared to 6-month loss of -94.72%. The firm has a 50-day simple moving average (SMA 50) of $7.9819 and a 200-day simple moving average (SMA200) of $159.32147.
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The stock witnessed a 118.77% gain in the last 1 month and extending the period to 3 months gives it a 5.96%, and is 63.38% 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 17.91% over the week and 20.00% over the month.
Maxeon Solar Technologies Ltd (MAXN) has around 3888 employees, a market worth around $206.72M and $828.08M in sales. Profit margin for the company is -43.85%. Distance from 52-week low is 171.49% and -98.27% 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
The shares outstanding are 15.29M, and float is at 5.38M with Short Float at 28.18%.
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.
