While Maxeon Solar Technologies Ltd has overperformed by 6.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAXN fell by -76.49%, with highs and lows ranging from $38.91 to $3.91, whereas the simple moving average fell by -69.02% in the last 200 days.
On November 21, 2023, Mizuho started tracking Maxeon Solar Technologies Ltd (NASDAQ: MAXN) recommending Neutral. A report published by Northland Capital on November 16, 2023, Downgraded its rating to ‘Market Perform’ for MAXN. BofA Securities also Downgraded MAXN shares as ‘Neutral’, setting a target price of $12 on the company’s shares in a report dated October 16, 2023. ROTH MKM October 11, 2023d the rating to Neutral on October 11, 2023, and set its price target from $25 to $10. UBS initiated its ‘Neutral’ rating for MAXN, as published in its report on October 02, 2023. ROTH MKM’s report from June 14, 2023 suggests a price prediction of $40 for MAXN shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Maxeon Solar Technologies Ltd (MAXN)
Further, the quarter-over-quarter decrease in sales is -17.36%, showing a negative trend in the upcoming months.
One of the most important indicators of Maxeon Solar Technologies Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -112.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.87, 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.
For any stock, average volume can also provide valuable insight into volatility, and MAXN is recording 2.57M average volume. On a monthly basis, the volatility of the stock is set at 9.55%, whereas on a weekly basis, it is put at 10.93%, with a gain of 1.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.88, showing growth from the present price of $4.26, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 40.93%. 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 53.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MAXN shares are owned by institutional investors to the tune of 53.13% at present.
