While Maxeon Solar Technologies Ltd has underperformed by -9.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAXN fell by -92.68%, with highs and lows ranging from $38.91 to $2.30, whereas the simple moving average fell by -78.98% in the last 200 days.
On April 09, 2024, Raymond James Downgraded Maxeon Solar Technologies Ltd (NASDAQ: MAXN) to Mkt Perform. A report published by UBS on March 08, 2024, Downgraded its rating to ‘Sell’ for MAXN. Mizuho also rated MAXN shares as ‘Neutral’, setting a target price of $7 on the company’s shares in an initiating report dated November 21, 2023. Northland Capital November 16, 2023d the rating to Market Perform on November 16, 2023, and set its price target from $25 to $7. BofA Securities October 16, 2023d its ‘Buy’ rating to ‘Neutral’ for MAXN, as published in its report on October 16, 2023. ROTH MKM’s report from October 11, 2023 suggests a price prediction of $10 for MAXN shares, giving the stock a ‘Neutral’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Maxeon Solar Technologies Ltd (MAXN)
Further, the quarter-over-quarter decrease in sales is -29.21%, showing a negative 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 -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.
An average volume of 2.25M can be a very valuable indicator of volatility for MAXN stock. On a monthly basis, the volatility of the stock is set at 10.20%, whereas on a weekly basis, it is put at 12.65%, with a loss of -25.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.25, showing growth from the present price of $2.12, 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 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 53.47% 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 53.47% at present.
