As of close of business last night, Sunpower Corp’s stock clocked out at $3.25, up 2.20% from its previous closing price of $3.18. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 6225089 shares were traded. SPWR stock price reached its highest trading level at $3.3000 during the session, while it also had its lowest trading level at $3.0300.
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Ratios:
To gain a deeper understanding of SPWR’s stock, we examine 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.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 16 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 559.40M and an Enterprise Value of 851.35M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 0.51 whereas that against EBITDA is -5.75.
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 3.6830, while the 200-Day Moving Average is calculated to be 6.5275.
Shares Statistics:
It appears that SPWR traded 9.15M shares on average per day over the past three months and 7.68M shares per day over the past ten 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 47.70% stake in the company. Shares short for SPWR as of Feb 15, 2024 were 36.54M with a Short Ratio of 3.99, 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
As of right now, 17 analysts gave their recommendation on the stock of the company. 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.
