Maxwell shares plunge 10% as analysts slash earnings forecasts
The SZSE-listed company lost value while its benchmark index rose, as analysts slashed profit forecasts.
The SZSE-listed company lost value while its benchmark index rose, as analysts slashed profit forecasts. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in Maxwell fell 10.29% on Wednesday after a sharp drop in earnings estimates, leaving the stock well below its recent peak. The decline occurred even as the broader SZSE Component index gained 1.3% in the same session.
EPS estimates cut by 31%
Analysts have reduced consensus earnings per share for the current year by 31.3% over the past 90 days, dropping from 6.31 to 4.33. This company-specific factor drove 11.8% of the stock's decline, outweighing a 2.0% contribution from the broader market.
The stock closed at 148.71 CNY, trading 58.8% below its 52-week high of 373 CNY. Volume reached 24,329,811 shares, with a market capitalisation of 41.48 billion CNY.
Technical indicators turn negative
The stock exhibits an Unstable rating, with annualised volatility of 85.6% compared to 26.3% for the benchmark. There have been 36 sessions with moves of 5% or more in the past six months.
Technical indicators show the long-term trend weakening, with the share price 33.6% below the 200-day average. The 50-day moving average has crossed below the 200-day average, a pattern known as a death cross.