SunPower Corporation (NASDAQ:SPWR) finished Wednesday with an addition of $0.76 to close at $28.21, an upside of 2.77 percent. An average of 5,148,760 shares of common stock have been traded in the last five days. There was a gain of $4.37 in the past week. The last 20 days have seen an average of 5,108,990 shares traded, while the 50-day average volume stands at 3,631,398.
SPWR stock has increased by 30.54% in the last month. The company shares reached their 1-month lowest point of $20.44 on 09/21/21. With the stock rallying to its 52-week high on 01/29/21, shares of the company touched a low of $14.66 and a high of $57.52 in 52 weeks. In spite of this, the price is down -50.96% from the 52-week high.
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128 days have passed since SunPower Corporation (SPWR) last reported insider trading activity. Sial Manavendra, who is EVP and CFO, most recently acquired $42,322 shares at $25.00 per share on Jun 08. In this transaction, the insider spent $1,058,050. Principal Accounting Officer, Heang Vichheka, disposed of 4,336 shares at a price of $21.47 on May 13. The insider now owns more than $93,094 worth of shares. Prior to that, EVP and CFO Sial Manavendra went on to Sale 11,116 shares at $23.09 each on May 07. An amount of $256,722 was transacted.
SunPower Corporation (SPWR) has a trailing price-to-earnings (P/E) ratio of 9.75, which compares with the 31.10 for the broader industry and 37.24 for the sector. In the last five years, SunPower Corporation’s PE ratio has ranged between 401.67 and 4.692. The stock’s beta is 1.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.08, the price-to-book (PB) ratio at 10.98.
The quick ratio of SunPower Corporation for the three months ended June 29 was 2.00, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 1.25 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 18.10% against a 5-year average of 10.0%. SunPower Corporation’s EBITDA margin for the year ending June 29 is 0.32%, while its operating margin for the same period stands at 1.60%. Its gross profit as reported stood at $167.13 million compared to revenue of $1.12 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SunPower Corporation’s return on assets was 31.00%, compared to -6.1% over the last five years. For the broader industry, ROE averaged -0.25 over the past year.
For the three-month period that ended June 29, SunPower Corporation had $372.82 million in cash. The analyst consensus anticipated SunPower Corporation’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.06, a 200.00% surprise. For the quarter, EBITDA amounted to $3.7 million. Shareholders own equity worth $172.85 million.
From a technical analysis perspective, let’s take a brief look at SunPower Corporation (SPWR) price momentum. RSI 9-day as of the close on 13 October was 73.93%, suggesting the stock is Overbought, with historical volatility in this time frame at 80.49%.
As of today, SPWR’s price is $26.10 +18.33% or $4.37 from its 5-day moving average. SPWR is currently trading +30.06% higher than its 20-day SMA and +19.84% higher than its 100-day SMA. However, the stock’s current price level is +11.46% above the SMA50 and +7.22% above the SMA200.
The stochastic %K and %D were 89.54% and 83.01%, respectively, and the average true range (ATR) was 1.61. With the 14-day stochastic at 98.41% and the average true range at 1.50, the RSI (14) stands at 69.04%. The stock has reached 2.27 on the 9-day MACD Oscillator while the 14-day reading was at 3.11.
Evercore ISI launched coverage on SunPower Corporation (NASDAQ: SPWR) in its analyst report released on September 22, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for SunPower Corporation (SPWR) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell SPWR, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.
What is SPWR’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $34.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for SunPower Corporation (SPWR) stock is $23.64.