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As of close of business last night, Sunpower Corp’s stock clocked out at $2.69, up 7.60% from its previous closing price of $2.50. In other words, the price has increased by $7.60 from its previous closing price. On the day, 6.27 million shares were traded. SPWR stock price reached its highest trading level at $2.7189 during the session, while it also had its lowest trading level at $2.45.
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 April 23, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform but kept the price unchanged to $6.
Guggenheim Downgraded its Neutral to Sell on February 16, 2024, while the target price for the stock was maintained at $1.
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 472033120 and an Enterprise Value of 764624256. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 0.454 whereas that against EBITDA is -6.352.
Stock Price History:
The Beta on a monthly basis for SPWR is 1.88, which has changed by -0.7621574 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, SPWR has reached a high of $12.18, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is -5.11%, while the 200-Day Moving Average is calculated to be -24.90%.
Shares Statistics:
It appears that SPWR traded 11.18M shares on average per day over the past three months and 7575750 shares per day over the past ten days. A total of 175.48M shares are outstanding, with a floating share count of 11.52M. Insiders hold about 93.43% of the company’s shares, while institutions hold 44.93% stake in the company. Shares short for SPWR as of 1719532800 were 29154396 with a Short Ratio of 2.61, compared to 1717113600 on 33083163. Therefore, it implies a Short% of Shares Outstanding of 29154396 and a Short% of Float of 43.9.
