Maxeon Solar Technologies Ltd [MAXN] stock prices are up 13.31% to $6.47 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MAXN shares have gain 10.03% over the last week, with a monthly amount drifted -28.11%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Maxeon Solar Technologies Ltd [NASDAQ: MAXN] stock has seen the most recent analyst activity on June 04, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $1 from $11. Previously, Northland Capital downgraded its rating to Under Perform on May 31, 2024, and dropped its price target to $0.50. On April 09, 2024, downgrade downgraded it’s rating to Mkt Perform. UBS downgraded its rating to a Sell and decreased its price target to $3 on March 08, 2024. Mizuho initiated its recommendation with a Neutral and recommended $7 as its price target on November 21, 2023. Northland Capital downgraded its rating to Market Perform for this stock on November 16, 2023, and downed its price target to $7. In a note dated October 16, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $31 to $12.
The stock price of Maxeon Solar Technologies Ltd [MAXN] has been fluctuating between $4.98 and $779.99 over the past year. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Maxeon Solar Technologies Ltd [NASDAQ: MAXN] shares were valued at $6.47 at the most recent close of the market. An investor can expect a potential drop of -42.04% based on the average MAXN price forecast.
Analyzing the MAXN fundamentals
The Maxeon Solar Technologies Ltd [NASDAQ:MAXN] reported sales of 828.08M for trailing twelve months, representing a drop of -47.12%. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.45%, and Net Profit Margin reading is -0.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -21.17 and Total Capital is -0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -13.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.96 points at the first support level, and at 5.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.86, and for the 2nd resistance point, it is at 7.26.
Ratios To Look Out For
It’s worth pointing out that Maxeon Solar Technologies Ltd [NASDAQ:MAXN]’s Current Ratio is 1.36. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.12.
