Maxeon Solar Technologies Ltd [NASDAQ: MAXN] gained 38.68% on the last trading session, reaching $8.64 price per share at the time.
If compared to the average trading volume of 636.28K shares, MAXN reached a trading volume of 22820090 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 $12.00 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.
Goldman have made an estimate for Maxeon Solar Technologies Ltd shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 04, 2024. While these analysts kept the previous recommendation, Northland Capital dropped their target price from $7 to $0.50. The new note on the price target was released on May 31, 2024, representing the official price target for Maxeon Solar Technologies Ltd stock. On March 08, 2024, analysts decreased their price target for MAXN shares from 7 to 3.
The Average True Range (ATR) for Maxeon Solar Technologies Ltd is set at 1.29, with the Price to Sales ratio for MAXN stock in the period of the last 12 months amounting to 0.16.
Trading performance analysis for MAXN stock
Maxeon Solar Technologies Ltd [MAXN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 66.15. With this latest performance, MAXN shares gained by 2.13% in over the last four-week period, additionally sinking by -95.55% over the last 6 months – not to mention a drop of -98.63% in the past year of trading.
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 57.36, with the RSI for the last a single of trading hit 70.51, and the three-weeks RSI is set at 45.83 for Maxeon Solar Technologies Ltd [MAXN]. The present Moving Average for the last 50 days of trading for this stock 8.81, while it was recorded at 6.46 for the last single week of trading, and 180.64 for the last 200 days.
Maxeon Solar Technologies Ltd [MAXN]: A deeper dive into fundamental analysis
Maxeon Solar Technologies Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.55 and a Current Ratio set at 1.36.
Maxeon Solar Technologies Ltd [MAXN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Maxeon Solar Technologies Ltd posted -3/share EPS, while the average EPS was predicted by analysts to be reported at -9.83/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.83. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAXN.
An analysis of Institutional ownership at Maxeon Solar Technologies Ltd [MAXN]
The top three institutional holders of MAXN stocks are: GRAHAM CAPITAL MANAGEMENT, L.P. with ownership of 18.87 million shares, which is approximately 37.3727%. HUDSON BAY CAPITAL MANAGEMENT LP, holding 4.87 million shares of the stock with an approximate value of $$4.16 million in MAXN stocks shares; and HUDSON BAY CAPITAL MANAGEMENT LP, currently with $$3.36 million in MAXN stock with ownership which is approximately 7.7982%.
