Maxeon Solar Technologies Ltd (NASDAQ: MAXN) on Monday, plunged -6.34% from the previous trading day, before settling in for the closing price of $8.52. Within the past 52 weeks, MAXN’s price has moved between $4.98 and $779.99.
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Annual sales at Technology sector company grew by 7.17% over the past five years. The company achieved an average annual earnings per share of 95.06%. With a float of $5.38 million, this company’s outstanding shares have now reached $15.29 million.
Let’s look at the performance matrix of the company that is accounted for 3888 employees. 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 and Institutional Ownership
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Maxeon Solar Technologies Ltd is 64.81%, while institutional ownership is 4.27%.
Maxeon Solar Technologies Ltd (MAXN) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -98.98 earnings per share (EPS) for the period falling under the consensus outlook (set at -85.16) by -13.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of -4 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
Maxeon Solar Technologies Ltd (MAXN) is currently performing well based on its current performance indicators. A quick ratio of 0.55 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 0.15.
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)
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) saw its 5-day average volume 0.98 million, a positive change from its year-to-date volume of 0.61 million. As of the previous 9 days, the stock’s Stochastic %D was 18.10%. Additionally, its Average True Range was 1.67.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 10.16%, which indicates a significant decrease from 14.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 220.92% in the past 14 days, which was higher than the 177.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.15, while its 200-day Moving Average is $138.76. Nevertheless, the first resistance level for the watch stands at $8.71 in the near term. At $9.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.93. If the price goes on to break the first support level at $7.49, it is likely to go to the next support level at $7.00. The third support level lies at $6.27 if the price breaches the second support level.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
Market capitalization of the company is 126.77 million based on 549K outstanding shares. Right now, sales total 1,123 M and income totals -275,830 K. The company made 184,220 K in profit during its latest quarter, and 11,660 K in sales during its previous quarter.
