Maxeon Solar Technologies Ltd (NASDAQ:MAXN) shares, rose in value on Thursday, April 16, with the stock price up by 3.62% to the previous day’s close as strong demand from buyers drove the stock to $2.86.
Actively observing the price movement in the last trading, the stock closed the session at $2.76, falling within a range of $2.75 and $2.92. The value of beta (5-year monthly) was 1.464. Referring to stock’s 52-week performance, its high was $410.00, and the low was $2.49. On the whole, MAXN has fluctuated by -26.85% over the past month.
With the market capitalization of Maxeon Solar Technologies Ltd currently standing at about $43.73 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-04.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MAXN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MAXN currently trading nearly -5.78% and -25.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.89, while the 7-day volatility ratio is showing 9.91% which for the 30-day chart, stands at 11.17%. Furthermore, Maxeon Solar Technologies Ltd (MAXN)’s beta value is 1.41, and its average true range (ATR) is 0.35.
A comparison of Maxeon Solar Technologies Ltd (MAXN) with its peers suggests the former has fared considerably weaker in the market. MAXN showed an intraday change of 3.62% in last session, and over the past year, it shrunk by -98.54%%.
Data on historical trading for Maxeon Solar Technologies Ltd (NASDAQ:MAXN) indicates that the trading volumes over the past 10 days have averaged 0.19 and over the past 3 months, they’ve averaged 244.42K. According to company’s latest data on outstanding shares, there are 15.22 million shares outstanding.
Nearly 65.70% of Maxeon Solar Technologies Ltd’s shares belong to company insiders and institutional investors own 3.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.72 million shares as on 2025-03-31, resulting in a short ratio of 2.87. According to the data, the short interest in Maxeon Solar Technologies Ltd (MAXN) stood at 437.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.78 million. The stock has fallen by -62.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAXN stock heading into the next quarter.
