A new trading day began on Monday, with Maxeon Solar Technologies Ltd (NASDAQ: MAXN) stock price down -4.63% from the previous day of trading, before settling in for the closing price of $0.18. MAXN’s price has ranged from $0.11 to $16.38 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 7.17% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 23.00%. With a float of $31.36 million, this company’s outstanding shares have now reached $53.96 million.
In an organization with 3888 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 0.97%, operating margin of -19.07%, and the pretax margin is -38.26%.
Maxeon Solar Technologies Ltd (MAXN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Maxeon Solar Technologies Ltd is 43.70%, while institutional ownership is 80.47%.
Maxeon Solar Technologies Ltd (MAXN) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.38 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Maxeon Solar Technologies Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.56. 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)
Let’s dig in a bit further. During the last 5-days, its volume was 74.38 million. That was better than the volume of 34.32 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.36%. Additionally, its Average True Range was 0.05.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 1.42%, which indicates a significant decrease from 47.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 193.31% in the past 14 days, which was lower than the 266.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3760, while its 200-day Moving Average is $3.0451. However, in the short run, Maxeon Solar Technologies Ltd’s stock first resistance to watch stands at $0.1931. Second resistance stands at $0.2174. The third major resistance level sits at $0.2340. If the price goes on to break the first support level at $0.1522, it is likely to go to the next support level at $0.1356. Assuming the price breaks the second support level, the third support level stands at $0.1113.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
With a market capitalization of 9.40 million, the company has a total of 54,876K Shares Outstanding. Currently, annual sales are 1,123 M while annual income is -275,830 K. The company’s previous quarter sales were 187,460 K while its latest quarter income was -80,150 K.
