In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Sunpower Corp (NASDAQ: SPWR) closed at $2.21 down -2.21% from its previous closing price of $2.26. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 6.35 million shares were traded. SPWR stock price reached its highest trading level at $2.26 during the session, while it also had its lowest trading level at $2.17.
Ratios:
For a deeper understanding of Sunpower Corp’s stock, let’s take a closer look at its various 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 387804160 and an Enterprise Value of 680454336. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.404 whereas that against EBITDA is -5.652.
Stock Price History:
The Beta on a monthly basis for SPWR is 1.83, which has changed by -0.84447575 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, SPWR has reached a high of $14.49, while it has fallen to a 52-week low of $2.21. The 50-Day Moving Average of the stock is -26.24%, while the 200-Day Moving Average is calculated to be -57.79%.
Shares Statistics:
For the past three months, SPWR has traded an average of 6.79M shares per day and 4857000 over the past ten days. A total of 175.48M shares are outstanding, with a floating share count of 51.22M. Insiders hold about 70.81% of the company’s shares, while institutions hold 46.62% stake in the company. Shares short for SPWR as of 1711584000 were 39254967 with a Short Ratio of 5.79, compared to 1709164800 on 40044481. Therefore, it implies a Short% of Shares Outstanding of 39254967 and a Short% of Float of 59.11.
Earnings Estimates
The stock of Sunpower Corp (SPWR) is currently drawing attention from 16 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of -$0.26 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 -$0.58. EPS for the following year is -$0.12, with 18 analysts recommending between $0.24 and -$0.58.
Revenue Estimates
A total of 25 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 -13.10% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $1.66B 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 13.10% from the average revenue estimate for this year.
