The price of Sunpower Corp (NASDAQ: SPWR) closed at $3.03 in the last session, up 4.48% from day before closing price of $2.90. In other words, the price has increased by $+0.1300 from its previous closing price. On the day, 7994352 shares were traded.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 16 ’23 when Faricy Peter bought 7,500 shares for $13.29 per share. The transaction valued at 99,686 led to the insider holds 177,458 shares of the business.
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 531.34M and an Enterprise Value of 823.30M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is -5.56.
Stock Price History:
Over the past 52 weeks, SPWR has reached a high of $16.28, while it has fallen to a 52-week low of $2.74. The 50-Day Moving Average of the stock is 3.5292, while the 200-Day Moving Average is calculated to be 6.3467.
Shares Statistics:
According to the various share statistics, SPWR traded on average about 9.07M shares per day over the past 3-months and 6.76M shares per day over the past 10 days. A total of 175.36M shares are outstanding, with a floating share count of 175.36M. 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 15, 2024 were 36.54M with a Short Ratio of 4.03, compared to 28.91M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.84% and a Short% of Float of 42.06%.
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 -$0.34.
Analysts are recommending an EPS of between -$0.17 and -$1.15 for the fiscal current year, implying an average EPS of -$0.56. EPS for the following year is -$0.11, 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.
