The price of Sunpower Corp (NASDAQ: SPWR) closed at $2.75 in the last session, down -8.03% from day before closing price of $2.99. In other words, the price has decreased by -$0.2400 from its previous closing price. On the day, 3710992 shares were traded.
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Ratios:
We take a closer look at SPWR’s different ratios to gain a better understanding of the stock. 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 483.44M and an Enterprise Value of 775.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 0.46 whereas that against EBITDA is -5.24.
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 $2.52. The 50-Day Moving Average of the stock is 3.2170, while the 200-Day Moving Average is calculated to be 5.9538.
Shares Statistics:
According to the various share statistics, SPWR traded on average about 7.60M shares per day over the past 3-months and 5.54M shares per day over the past 10 days. A total of 174.27M shares are outstanding, with a floating share count of 51.19M. Insiders hold about 0.00% of the company’s shares, while institutions hold 47.69% stake in the company. Shares short for SPWR as of Feb 29, 2024 were 40.04M with a Short Ratio of 5.27, compared to 34.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.84% and a Short% of Float of 46.10%.
Earnings Estimates
The company has 17 analysts who recommend its stock at the moment. 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 -$0.12, with 15 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 -12.80% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $1.69B 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 14.70% from the average revenue estimate for this year.
