Maxeon Solar Technologies Ltd (NASDAQ: MAXN) kicked off on Monday, up 1.94% from the previous trading day, before settling in for the closing price of $10.33. Over the past 52 weeks, MAXN has traded in a range of $4.98-$779.99.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 7.17%. 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 extent of productivity of a business whose workforce counts for 3888 workers is very important to gauge. 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 Updates
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) Performance Highlights and Predictions
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 0.22.
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)
The latest stats from [Maxeon Solar Technologies Ltd, MAXN] show that its last 5-days average volume of 7.34 million was superior to 0.56 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 69.36%. Additionally, its Average True Range was 1.57.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 3.47%, which indicates a significant decrease from 71.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.28% in the past 14 days, which was lower than the 255.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.35, while its 200-day Moving Average is $173.84. Now, the first resistance to watch is $11.94. This is followed by the second major resistance level at $13.35. The third major resistance level sits at $14.31. If the price goes on to break the first support level at $9.57, it is likely to go to the next support level at $8.61. Assuming the price breaks the second support level, the third support level stands at $7.20.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
The company with the Market Capitalisation of 180.29 million has total of 549K 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.
