Maxeon Solar Technologies Ltd (NASDAQ: MAXN)’s stock price has increased by 14.10 compared to its previous closing price of 5.65. However, the company has seen a -9.33% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-20 that SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Maxeon Solar Technologies, Ltd.
Is It Worth Investing in Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Right Now?
MAXN has 36-month beta value of 1.40. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for MAXN is 15.03M, and currently, short sellers hold a 4.69% ratio of that float. The average trading volume of MAXN on October 15, 2024 was 726.21K shares.
MAXN’s Market Performance
MAXN stock saw a decrease of -9.33% in the past week, with a monthly decline of -19.32% and a quarterly a decrease of -73.59%. The volatility ratio for the week is 15.02%, and the volatility levels for the last 30 days are 12.55% for Maxeon Solar Technologies Ltd (MAXN). The simple moving average for the last 20 days is -18.14% for MAXN stock, with a simple moving average of -96.97% for the last 200 days.
Analysts’ Opinion of MAXN
Many brokerage firms have already submitted their reports for MAXN stocks, with Goldman repeating the rating for MAXN by listing it as a “Sell.” The predicted price for MAXN in the upcoming period, according to Goldman is $1 based on the research report published on June 04, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see MAXN reach a price target of $0.50, previously predicting the price at $7. The rating they have provided for MAXN stocks is “Under Perform” according to the report published on May 31st, 2024.
MAXN Trading at -40.31% 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 -99.30% of loss for the given period.
Volatility was left at 12.55%, however, over the last 30 days, the volatility rate increased by 15.02%, as shares sank -27.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.24% lower at present.
During the last 5 trading sessions, MAXN fell by -12.66%, which changed the moving average for the period of 200-days by -99.17% in comparison to the 20-day moving average, which settled at $7.86. In addition, Maxeon Solar Technologies Ltd saw -99.10% 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:
- -0.32 for the present operating margin
- -0.07 for the gross margin
The net margin for Maxeon Solar Technologies Ltd stands at -0.44. The total capital return value is set at -0.56. Equity return is now at value -302.14, with -32.73 for asset returns.
Based on Maxeon Solar Technologies Ltd (MAXN), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.0. The debt to equity ratio resting at -13.86. The interest coverage ratio of the stock is -6.56.
Currently, EBITDA for the company is -37.88 million with net debt to EBITDA at -1.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 25.85for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To put it simply, Maxeon Solar Technologies Ltd (MAXN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
