Maxeon Solar Technologies Ltd (NASDAQ: MAXN) on Monday, plunged -18.20% from the previous trading day, before settling in for the closing price of $0.17. Within the past 52 weeks, MAXN’s price has moved between $0.16 and $23.58.
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Technology Sector giant saw their annual sales surged by 7.17% over the last five years. The company achieved an average annual earnings per share of 23.00%. With a float of $31.36 million, this company’s outstanding shares have now reached $53.96 million.
The firm has a total of 3888 workers. Let’s measure their productivity.
Maxeon Solar Technologies Ltd (MAXN) Insider Activity
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Maxeon Solar Technologies Ltd is 43.70%, while institutional ownership is 98.00%.
Maxeon Solar Technologies Ltd (MAXN) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.38 earnings per share (EPS) for the period topping the consensus outlook (set at -0.47) by 0.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.00% per share during the next fiscal year.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Trading Performance Indicators
Maxeon Solar Technologies Ltd (MAXN) is currently performing well based on its current performance indicators. A quick ratio of 0.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.29, a number that is poised to hit -1.10 in the next quarter and is forecasted to reach -1.40 in one year’s time.
Technical Analysis of Maxeon Solar Technologies Ltd (MAXN)
Analysing the last 5-days average volume posted by the [Maxeon Solar Technologies Ltd, MAXN], we can find that recorded value of 61.45 million was better than the volume posted last year of 29.69 million. As of the previous 9 days, the stock’s Stochastic %D was 6.90%. Additionally, its Average True Range was 0.07.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 0.09%, which indicates a significant decrease from 2.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.37% in the past 14 days, which was lower than the 256.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9460, while its 200-day Moving Average is $3.5419. Now, the first resistance to watch is $0.1474. This is followed by the second major resistance level at $0.1591. The third major resistance level sits at $0.1667. If the price goes on to break the first support level at $0.1281, it is likely to go to the next support level at $0.1205. Should the price break the second support level, the third support level stands at $0.1088.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
Market capitalization of the company is 7.56 million based on 54,876K outstanding shares. Right now, sales total 1,123 M and income totals -275,830 K. The company made 187,460 K in profit during its latest quarter, and -80,150 K in sales during its previous quarter.
