Sunpower Corp (NASDAQ: SPWR) closed the day trading at $3.00 up 4.53% from the previous closing price of $2.87. On the day, 6315365 shares were traded.
Ratios:
For a better understanding of SPWR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 0.08.
On January 11, 2024, Susquehanna Downgraded its rating to Neutral which previously was Positive and also lowered its target price recommendation from $5.50 to $4.
Wells Fargo Downgraded its Equal Weight to Underweight on January 08, 2024, whereas the target price for the stock was revised from $6 to $4.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPWR now has a Market Capitalization of 528.19M and an Enterprise Value of 820.14M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is -5.54.
Stock Price History:
Over the past 52 weeks, SPWR has reached a high of $14.92, while it has fallen to a 52-week low of $2.49. The 50-Day Moving Average of the stock is 3.1804, while the 200-Day Moving Average is calculated to be 5.7851.
Shares Statistics:
Over the past 3-months, SPWR traded about 7.54M shares per day on average, while over the past 10 days, SPWR traded about 5.77M shares per day. A total of 174.27M shares are outstanding, with a floating share count of 51.19M. Insiders hold about 70.81% of the company’s shares, while institutions hold 46.75% stake in the company. Shares short for SPWR as of Mar 15, 2024 were 42.54M with a Short Ratio of 5.64, compared to 36.54M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 24.24% and a Short% of Float of 64.06%.
Earnings Estimates
Current recommendations for the stock of the company come from 17 analysts. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.52, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.05 and low estimates of -$0.35.
Analysts are recommending an EPS of between -$0.17 and -$1.16 for the fiscal current year, implying an average EPS of -$0.56. EPS for the following year is -$0.11, with 17 analysts recommending between $0.24 and -$0.58.
Revenue Estimates
A total of 26 analysts have provided revenue estimates for SPWR’s current fiscal year. The highest revenue estimate was $1.74B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.47B. In the same quarter a year ago, actual revenue was $1.69B, down -12.90% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $1.67B in the next fiscal year. The high estimate is $2.15B and the low estimate is $1.17B. The average revenue growth estimate for next year is up 13.30% from the average revenue estimate for this year.
