Maxeon Solar Technologies Ltd. (NASDAQ:MAXN) marked $23.76 per share on Wednesday, up from a previous closing price of $21.86. While Maxeon Solar Technologies Ltd. has overperformed by 8.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAXN rose by 20.43%, with highs and lows ranging from $27.99 to $7.48, whereas the simple moving average jumped by 53.60% in the last 200 days.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
On September 16, 2022, BofA Securities Reiterated Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) to Buy. A report published by Goldman on September 08, 2022, Upgraded its rating to ‘Buy’ for MAXN. Raymond James October 05, 2021d its ‘Strong Buy’ rating to ‘Outperform’ for MAXN, as published in its report on October 05, 2021. Morgan Stanley’s report from August 09, 2021 suggests a price prediction of $17 for MAXN shares, giving the stock a ‘Equal-Weight’ rating. Raymond James also rated the stock as ‘Strong Buy’.
Analysis of Maxeon Solar Technologies Ltd. (MAXN)
Further, the quarter-over-quarter increase in sales is 24.90%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Maxeon Solar Technologies Ltd.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -119.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 674.08K can be a very valuable indicator of volatility for MAXN stock. On a monthly basis, the volatility of the stock is set at 8.47%, whereas on a weekly basis, it is put at 8.21%, with a gain of 6.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.60, showing decline from the present price of $23.76, which can serve as yet another indication of whether MAXN is worth investing in or should be passed over.
How Do You Analyze Maxeon Solar Technologies Ltd. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 49.32%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 39.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in MAXN shares?
The recent increase in stakes in MAXN appears to be a result of several institutional investors and hedge funds increasing their positions. Invesco Capital Management LLC’s position in MAXN has decreased by -10.68% in the first quarter. The company now owns 2,169,595 shares of the stock, with a value of $37.49 million, following the sale of -259,376 additional shares during the last quarter. Wellington Management Co. LLP made another decreased to its shares in MAXN during the first quarter, downing its stake by -32.57%.
MAXN shares are owned by institutional investors to the tune of 39.80% at present.