SunPower Corporation (NASDAQ:SPWR) saw an upside of 11.24% on Monday to $26.65 after adding $2.69. The 5-day average trading volume is 4,105,244 shares of the company’s common stock. It has gained $26.63 in the past week. An average of 4,548,271 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,470,788.
SPWR’s 1-month performance is 10.57% or $5.08 on its low of $20.44 reached on 09/21/21. The company’s shares have touched a 52-week low of $14.66 and high of $57.52, with the stock’s rally to the 52-week high happening on 01/29/21. YTD, SPWR has lost -6.55% or $0.70. However, the current price is down -53.66%% from the 52-week high price.
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On Jun 08, 125 days have gone by since the last insider trading activity for SunPower Corporation (SPWR). Sial Manavendra (EVP and CFO) most recently sold 42,322 shares at $25.00 per share on Jun 08. This transaction cost the insider $1,058,050. Principal Accounting Officer, Heang Vichheka, sold 4,336 shares at a price of $21.47 on May 13. Then, on May 07, EVP and CFO Sial Manavendra sold 11,116 shares at a price of $23.09 per share. This transaction amounted to $256,722.
The company’s PE ratio for the last five years has touched a high of 401.67 and a low of 4.692. SPWR stock has a beta of 1.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.47 while the price-to-book (PB) in the most recent quarter is 9.32.
SunPower Corporation’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.60 meaning that SPWR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.09, while the total debt to equity was 1.25. In terms of profitability, the gross margin trailing 12 months is 18.10%. The trailing 12-month EBITDA margin is 0.32% while for the period ending June 29; SunPower Corporation’s operating margin was 1.60%. The firm’s gross profit as reported stood at $167.13 million against revenue of $1.12 billion.
For the quarterly period ending June 29 this year, SunPower Corporation’s cash and short-term investments amounted to $372.82 million against total debt of $603.55 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SPWR to announce $0.02 per share in earnings in its latest quarter, but it posted $0.06, representing a 200.00% surprise. EBITDA for the quarter stood at more than $3.7 million. SPWR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.1 billion, with total debt at $603.55 million. Shareholders hold equity totaling $172.85 million
Let’s look briefly at SunPower Corporation (SPWR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 67.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 86.00%.
The stock’s 5-day moving average is $24.31, reflecting a +14.08% or $3.25 change from its current price. SPWR is currently trading +18.60% above its 20-day SMA, +14.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.34% and -12.32% respectively.
Stochastic %K and %D was 83.18% and 74.38% and the average true range (ATR) pointed at 1.55. The RSI (14) points at 63.90%, while the 14-day stochastic is at 94.48% with the period’s ATR at 1.44. The stock’s 9-day MACD Oscillator is pointing at 1.19 and 1.61 on the 14-day charts.
In the most recent analyst report for SunPower Corporation (NASDAQ: SPWR), Evercore ISI launched coverage with an Outperform rating. Analysts offering their rating for SPWR stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate SPWR as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 1 have offered a “buy” rating.
What is SPWR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $34.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for SunPower Corporation (SPWR) stock is $23.93.