On Monday, Maxeon Solar Technologies Ltd (NASDAQ: MAXN) opened higher 6.79% from the last session, before settling in for the closing price of $8.10. Price fluctuations for MAXN have ranged from $4.98 to $779.99 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 91.21% at the time writing. With a float of $5.22 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Maxeon Solar Technologies Ltd is 65.87%, while institutional ownership is 4.26%.
Maxeon Solar Technologies Ltd (MAXN) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -98.98 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -85.16) by -13.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of -3.72 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 91.21% per share during the next fiscal year.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Trading Performance Indicators
Check out the current performance indicators for Maxeon Solar Technologies Ltd (MAXN). In the past quarter, the stock posted a quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -723.55, a number that is poised to hit -2.86 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 1.37 million was superior to 0.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.46%. Additionally, its Average True Range was 1.60.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 16.35%, which indicates a significant decrease from 23.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 176.00% in the past 14 days, which was higher than the 175.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.07, while its 200-day Moving Average is $127.79. Now, the first resistance to watch is $9.07. This is followed by the second major resistance level at $9.48. The third major resistance level sits at $9.77. If the price goes on to break the first support level at $8.37, it is likely to go to the next support level at $8.08. The third support level lies at $7.67 if the price breaches the second support level.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
There are currently 549K shares outstanding in the company with a market cap of 132.26 million. Presently, the company’s annual sales total 1,123 M according to its annual income of -275,830 K. Last quarter, the company’s sales amounted to 184,220 K and its income totaled 11,660 K.
