In Monday’s session, Maxeon Solar Technologies Ltd. (NASDAQ:MAXN) marked $23.06 per share, up from $21.97 in the previous session. While Maxeon Solar Technologies Ltd. has overperformed by 4.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAXN rose by 98.79%, with highs and lows ranging from $27.99 to $7.48, whereas the simple moving average jumped by 34.57% in the last 200 days.
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On January 04, 2023, Raymond James Upgraded Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) to Outperform. A report published by BofA Securities on September 16, 2022, Reiterated its previous ‘Buy’ rating for MAXN. Goldman also Upgraded MAXN shares as ‘Buy’, setting a target price of $27 on the company’s shares in a report dated September 08, 2022. BofA Securities December 03, 2021d its ‘Neutral’ rating to ‘Buy’ for MAXN, as published in its report on December 03, 2021. Raymond James’s report from October 05, 2021 suggests a price prediction of $23 for MAXN shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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.
Maxeon Solar Technologies Ltd.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and MAXN has an average volume of 547.50K. On a monthly basis, the volatility of the stock is set at 8.11%, whereas on a weekly basis, it is put at 6.54%, with a gain of 2.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.33, showing growth from the present price of $23.06, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 49.30%. 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 39.00% 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 $34.84 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 39.00% at present.