Maxeon Solar Technologies Ltd (NASDAQ: MAXN)’s stock price has gone decline by -5.51 in comparison to its previous close of 2.36, however, the company has experienced a 11.50% increase in its stock price over the last five trading days. PRNewsWire reported 2024-04-30 that SINGAPORE, April 30, 2024 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the “Company”), a global leader in solar innovation and channels, today announced it will release its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024.
Is It Worth Investing in Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Right Now?
The 36-month beta value for MAXN is also noteworthy at 1.63. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MAXN is 31.18M, and at present, short sellers hold a 38.91% of that float. The average trading volume of MAXN on May 07, 2024 was 2.36M shares.
MAXN’s Market Performance
MAXN’s stock has seen a 11.50% increase for the week, with a -21.20% drop in the past month and a -46.78% fall in the past quarter. The volatility ratio for the week is 12.76%, and the volatility levels for the past 30 days are at 12.80% for Maxeon Solar Technologies Ltd. The simple moving average for the past 20 days is 5.88% for MAXN’s stock, with a -72.49% simple moving average for the past 200 days.
Analysts’ Opinion of MAXN
UBS, on the other hand, stated in their research note that they expect to see MAXN reach a price target of $3, previously predicting the price at $7. The rating they have provided for MAXN stocks is “Sell” according to the report published on March 08th, 2024.
Mizuho gave a rating of “Neutral” to MAXN, setting the target price at $7 in the report published on November 21st of the previous year.
MAXN Trading at -23.49% from the 50-Day Moving Average
After a stumble in the market that brought MAXN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.27% of loss for the given period.
Volatility was left at 12.80%, however, over the last 30 days, the volatility rate increased by 12.76%, as shares sank -18.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.65% lower at present.
During the last 5 trading sessions, MAXN rose by +11.50%, which changed the moving average for the period of 200-days by -91.77% in comparison to the 20-day moving average, which settled at $2.08. In addition, Maxeon Solar Technologies Ltd saw -68.90% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MAXN
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.11 for the gross margin
The net margin for Maxeon Solar Technologies Ltd stands at -0.14. The total capital return value is set at -0.05. Equity return is now at value -112.12, with -12.92 for asset returns.
Based on Maxeon Solar Technologies Ltd (MAXN), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 2.56. The interest coverage ratio of the stock is -0.98.
Currently, EBITDA for the company is -139.73 million with net debt to EBITDA at -10.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 13.33for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
In summary, Maxeon Solar Technologies Ltd (MAXN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
