Maxeon Solar Technologies Ltd (NASDAQ: MAXN) kicked off on Monday, up 13.31% from the previous trading day, before settling in for the closing price of $5.71. Over the past 52 weeks, MAXN has traded in a range of $4.98-$779.99.
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Technology Sector giant saw their annual sales surged by 7.17% over the last five years. While this was happening, its average annual earnings per share was recorded 95.06%. With a float of $15.03 million, this company’s outstanding shares have now reached $15.29 million.
The firm has a total of 3888 workers. Let’s measure their productivity. In terms of profitability, gross margin is -6.57%, operating margin of -32.26%, and the pretax margin is -44.61%.
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 1.73%, while institutional ownership is 2.96%.
Maxeon Solar Technologies Ltd (MAXN) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -3 earnings per share (EPS), higher than consensus estimate (set at -9.83) by 6.83. Wall Street market experts anticipate that the next fiscal year will bring earnings of -28.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 95.06% 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 quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -723.55, a number that is poised to hit -4.13 in the next quarter and is forecasted to reach -7.14 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 0.46 million was better than the volume posted last year of 0.39 million. As of the previous 9 days, the stock’s Stochastic %D was 45.77%. Additionally, its Average True Range was 0.98.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 0.82%, which indicates a significant decrease from 56.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 138.14% in the past 14 days, which was lower than the 249.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.16, while its 200-day Moving Average is $185.79. Now, the first resistance to watch is $6.86. This is followed by the second major resistance level at $7.26. The third major resistance level sits at $7.77. If the price goes on to break the first support level at $5.96, it is likely to go to the next support level at $5.45. Should the price break the second support level, the third support level stands at $5.06.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
The company with the Market Capitalisation of 98.93 million has total of 54,876K Shares Outstanding. Its annual sales at the moment are 1,123 M in contrast with the sum of -275,830 K annual income. Company’s last quarter sales were recorded 184,220 K and last quarter income was 11,660 K.
