A new trading day began on Friday, with Maxeon Solar Technologies Ltd (NASDAQ: MAXN) stock price up 7.57% from the previous day of trading, before settling in for the closing price of $6.21. MAXN’s price has ranged from $4.98 to $602.00 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 1.13% over the last five years. Meanwhile, its annual earnings per share averaged 94.12%. With a float of $5.24 million, this company’s outstanding shares have now reached $15.22 million.
The firm has a total of 3888 workers. Let’s measure their productivity. In terms of profitability, gross margin is -34.28%, operating margin of -77.74%, and the pretax margin is -92.27%.
Maxeon Solar Technologies Ltd (MAXN) Insider Activity
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 65.70%, while institutional ownership is 4.48%.
Maxeon Solar Technologies Ltd (MAXN) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -77.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 94.12% 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 0.48. 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 -549.59, a number that is poised to hit -2.00 in the next quarter and is forecasted to reach -5.00 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 0.32 million was lower than the volume posted last year of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 15.42%. Additionally, its Average True Range was 0.79.
During the past 100 days, Maxeon Solar Technologies Ltd’s (MAXN) raw stochastic average was set at 11.26%, which indicates a significant decrease from 23.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.76% in the past 14 days, which was lower than the 158.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.98, while its 200-day Moving Average is $71.65. Now, the first resistance to watch is $6.96. This is followed by the second major resistance level at $7.25. The third major resistance level sits at $7.59. If the price goes on to break the first support level at $6.33, it is likely to go to the next support level at $5.99. Should the price break the second support level, the third support level stands at $5.70.
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Key Stats
With a market capitalization of 102.14 million, the company has a total of 549K Shares Outstanding. Currently, annual sales are 1,123 M while annual income is -275,830 K. The company’s previous quarter sales were 88,560 K while its latest quarter income was -393,940 K.
