Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is -9.15% lower on its value in year-to-date trading and has touched a low of $4.98 and a high of $602.50 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 $7.63 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $6.85, the stock is -5.19% and -16.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.38 million and changing -10.22% at the moment leaves the stock -91.52% off its SMA200. MAXN registered -98.80% loss for a year compared to 6-month loss of -67.50%. The firm has a 50-day simple moving average (SMA 50) of $8.2195 and a 200-day simple moving average (SMA200) of $82.3169.
The stock witnessed a -3.93% gain in the last 1 month and extending the period to 3 months gives it a -3.66%, and is -9.15% down 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 10.58% over the week and 11.76% over the month.
Maxeon Solar Technologies Ltd (MAXN) has around 3888 employees, a market worth around $104.73M and $689.01M in sales. Profit margin for the company is -94.16%. Distance from 52-week low is 37.55% and -98.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-668.70%).
The EPS is expected to grow by 81.82% this year
The shares outstanding are 15.22M, and float is at 5.24M with Short Float at 20.51%.
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.
