Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is -92.98% lower on its value in year-to-date trading and has touched a low of $2.49 and a high of $34.50 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 $3.68 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $3.85, the stock is 22.94% and 20.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 4.62% at the moment leaves the stock -30.02% off its SMA200. MAXN registered -48.94% loss for a year compared to 6-month loss of -49.67%. The firm has a 50-day simple moving average (SMA 50) of $3.2042 and a 200-day simple moving average (SMA200) of $5.5028.
The stock witnessed a 23.40% gain in the last 1 month and extending the period to 3 months gives it a 26.23%, and is 26.64% 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 9.47% over the week and 8.53% over the month.
Maxeon Solar Technologies Ltd (MAXN) has around 1591 employees, a market worth around $65.05M and $509.05M in sales. Profit margin for the company is -111.66%. Distance from 52-week low is 54.62% and -88.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-7026.02%).
48.0 institutions hold shares in Maxeon Solar Technologies Ltd (MAXN), with institutional investors hold 11.52% of the company’s shares. The shares outstanding are 16.71M, and float is at 5.71M with Short Float at 14.90%. Institutions hold 4.62% of the Float.
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 4.8546 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 1.2532 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.94 million shares representing 1.013 and valued at over $3.36 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.9909 of the shares totaling 3.85 million with a market value of $3.27 million.
