Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) kicked off on May 19, 2023, at the price of $28.07, up 7.99% from the previous trading day. During the day, the shares moved up to $30.605 and dropped to $28.07 before settling in for the closing price of $28.02. Over the past 52 weeks, MAXN has traded in a range of $10.01-$38.91.
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While this was happening, its average annual earnings per share was recorded 3.80%. With a float of $22.81 million, this company’s outstanding shares have now reached $41.39 million.
Let’s determine the extent of company efficiency that accounts for 5344 employees. In terms of profitability, gross margin is -4.81, operating margin of -18.69, and the pretax margin is -21.31.
Maxeon Solar Technologies Ltd. (MAXN) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of Maxeon Solar Technologies Ltd. is 48.76%, while institutional ownership is 39.00%.
Maxeon Solar Technologies Ltd. (MAXN) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.46 earnings per share (EPS), higher than consensus estimate (set at -$0.47) by $0.93. This company achieved a net margin of -25.23 while generating a return on equity of -136.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.80% per share during the next fiscal year.
Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) Trading Performance Indicators
Take a look at Maxeon Solar Technologies Ltd.’s (MAXN) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.53, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -0.35 in one year’s time.
Technical Analysis of Maxeon Solar Technologies Ltd. (MAXN)
Looking closely at Maxeon Solar Technologies Ltd. (NASDAQ: MAXN), its last 5-days average volume was 3.38 million, which is a jump from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 18.75%. Additionally, its Average True Range was 2.51.
During the past 100 days, Maxeon Solar Technologies Ltd.’s (MAXN) raw stochastic average was set at 64.06%, which indicates a significant increase from 35.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.30% in the past 14 days, which was higher than the 100.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.82, while its 200-day Moving Average is $22.18. However, in the short run, Maxeon Solar Technologies Ltd.’s stock first resistance to watch stands at $31.22. Second resistance stands at $32.18. The third major resistance level sits at $33.76. If the price goes on to break the first support level at $28.68, it is likely to go to the next support level at $27.11. Should the price break the second support level, the third support level stands at $26.15.
Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) Key Stats
The company with the Market Capitalisation of 1.27 billion has total of 45,410K Shares Outstanding. Its annual sales at the moment are 1,060 M in contrast with the sum of -267,420 K annual income. Company’s last quarter sales were recorded 318,330 K and last quarter income was 20,270 K.
