The stock price of Maxeon Solar Technologies Ltd (NASDAQ: MAXN) has dropped by -7.35 compared to previous close of 8.71. Despite this, the company has seen a gain of 22.46% in its stock price over the last five trading days. zacks.com reported 2024-12-13 that The United States will witness increasing electricity generation from renewable sources. Maxeon Solar, Nextracker and First Solar are thus well poised to gain.
Is It Worth Investing in Maxeon Solar Technologies Ltd (NASDAQ: MAXN) Right Now?
Additionally, the 36-month beta value for MAXN is 1.34. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for MAXN is 5.24M and currently, short sellers hold a 20.51% ratio of that float. The average trading volume of MAXN on December 27, 2024 was 1.35M shares.
MAXN’s Market Performance
MAXN’s stock has seen a 22.46% increase for the week, with a 5.35% rise in the past month and a -10.33% fall in the past quarter. The volatility ratio for the week is 11.93%, and the volatility levels for the past 30 days are at 12.49% for Maxeon Solar Technologies Ltd. The simple moving average for the past 20 days is 11.18% for MAXN’s stock, with a -91.18% simple moving average for the past 200 days.
Analysts’ Opinion of MAXN
Many brokerage firms have already submitted their reports for MAXN stocks, with Morgan Stanley repeating the rating for MAXN by listing it as a “Underweight.” The predicted price for MAXN in the upcoming period, according to Morgan Stanley is $4 based on the research report published on November 15, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see MAXN reach a price target of $1, previously predicting the price at $11. The rating they have provided for MAXN stocks is “Sell” according to the report published on June 04th, 2024.
Northland Capital gave a rating of “Under Perform” to MAXN, setting the target price at $0.50 in the report published on May 31st of the current year.
MAXN Trading at 1.62% 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 -98.97% of loss for the given period.
Volatility was left at 12.49%, however, over the last 30 days, the volatility rate increased by 11.93%, as shares sank -8.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.18% upper at present.
During the last 5 trading sessions, MAXN rose by +21.55%, which changed the moving average for the period of 200-days by -97.45% in comparison to the 20-day moving average, which settled at $7.26. In addition, Maxeon Solar Technologies Ltd saw -98.87% 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:
- -0.78 for the present operating margin
- -0.34 for the gross margin
The net margin for Maxeon Solar Technologies Ltd stands at -0.94. The total capital return value is set at -2.62. Equity return is now at value -302.14, with -74.48 for asset returns.
Based on Maxeon Solar Technologies Ltd (MAXN), the company’s capital structure generated 3.65 points at debt to capital in total, while cash flow to debt ratio is standing at -1.17. The debt to equity ratio resting at -1.38. The interest coverage ratio of the stock is -12.62.
Currently, EBITDA for the company is -175.21 million with net debt to EBITDA at -0.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 36.99for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Maxeon Solar Technologies Ltd (MAXN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
