Maxeon Solar Technologies Ltd. [NASDAQ: MAXN] loss -7.77% or -1.52 points to close at $18.03 with a heavy trading volume of 1604904 shares. The company report on November 20, 2020 that Maxeon Solar Technologies Announce Third Quarter 2020 Financial Results.
–Spin-off from SunPower completed on August 26th–.
–Shipments of 531 MW; Revenue $207 million–.
If we look at the average trading volume of 892.49K shares, MAXN reached to a volume of 1604904 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Maxeon Solar Technologies Ltd. [MAXN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAXN shares is $20.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAXN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Maxeon Solar Technologies Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 10, 2020. While these analysts kept the previous recommendation, Goldman dropped their target price from $18 to $15. The new note on the price target was released on October 16, 2020, representing the official price target for Maxeon Solar Technologies Ltd. stock.
The Average True Range (ATR) for Maxeon Solar Technologies Ltd. is set at 1.50, with the Price to Sales ratio for MAXN stock in the period of the last 12 months amounting to 0.49.
Trading performance analysis for MAXN stock
Maxeon Solar Technologies Ltd. [MAXN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.04.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAXN stock in for the last two-week period is set at 52.50, with the RSI for the last a single of trading hit 47.96, and the three-weeks RSI is set at 43.59 for Maxeon Solar Technologies Ltd. [MAXN]. The present Moving Average for the last 50 days of trading for this stock 17.35, while it was recorded at 18.95 for the last single week of trading.
Maxeon Solar Technologies Ltd. [MAXN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Maxeon Solar Technologies Ltd. [MAXN] shares currently have an operating margin of -11.25 and a Gross Margin at -0.70. Maxeon Solar Technologies Ltd.’s Net Margin is presently recorded at -15.28.
Return on Total Capital for MAXN is now -29.09, given the latest momentum, and Return on Invested Capital for the company is -44.74. Return on Equity for this stock declined to -45.97, with Return on Assets sitting at -18.67. When it comes to the capital structure of this company, Maxeon Solar Technologies Ltd. [MAXN] has a Total Debt to Total Equity ratio set at 22.80. Additionally, MAXN Total Debt to Total Capital is recorded at 18.56, with Total Debt to Total Assets ending up at 8.34. Long-Term Debt to Equity for the company is recorded at 5.47, with the Long-Term Debt to Total Capital now at 4.46.
Reflecting on the efficiency of the workforce at the company, Maxeon Solar Technologies Ltd. [MAXN] managed to generate an average of -$35,244 per employee. Receivables Turnover for the company is 8.67 with a Total Asset Turnover recorded at a value of 1.22.Maxeon Solar Technologies Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
An analysis of insider ownership at Maxeon Solar Technologies Ltd. [MAXN]
There are presently around $191 million, or 37.10% of MAXN stock, in the hands of institutional investors. The top three institutional holders of MAXN stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 2,112,997, which is approximately 28.631% of the company’s market cap and around 65.97% of the total institutional ownership; INVESCO LTD., holding 2,092,438 shares of the stock with an approximate value of $37.73 million in MAXN stocks shares; and BLACKROCK INC., currently with $28.98 million in MAXN stock with ownership of nearly 45.624% of the company’s market capitalization.
Positions in Maxeon Solar Technologies Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 48 institutional holders increased their position in Maxeon Solar Technologies Ltd. [NASDAQ:MAXN] by around 5,509,384 shares. Additionally, 133 investors decreased positions by around 3,327,084 shares, while 13 investors held positions by with 1,767,128 shares. The mentioned changes placed institutional holdings at 10,603,596 shares, according to the latest SEC report filing. MAXN stock had 21 new institutional investments in for a total of 2,441,672 shares, while 97 institutional investors sold positions of 1,555,949 shares during the same period.