Analyzing SunPower Corporation (SPWR) By Technical Indicators

As of Friday close, SunPower Corporation’s (NASDAQ:SPWR) stock was up $1.29, moving up 9.27 percent to $15.21. The average number of shares traded per day over the past five days has been 4,192,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.69 fall in that time frame. In the last twenty days, the average volume was 3,635,895, while in the previous 50 days, it was 3,805,134.

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Since last month, SPWR stock retreated -28.79%. Shares of the company fell to $12.78 on 05/12/22, the lowest level in the past month. A 52-week high of $34.61 was reached on 04/05/22 after having rallying from a 52-week low of $12.78. Since the beginning of this year, SPWR’s stock price has dropped by -27.12% or -$5.66, and marked a new high 4 times. However, the stock has declined by -56.05% since its 52-week high.

SunPower Corporation (SPWR) last reported insider trading activity 187 days ago on Nov 08. Sial Manavendra, the EVP and CFO of the company, disposed of 12,634 shares for $32.90 on Nov 08. It resulted in a $415,659 divestment by the insider. Sial Manavendra sold 42,322 shares at an average price of $25.00 on Jun 08. The insider now owns 50,540 shares following the transaction.

Valuation Metrics

The stock’s beta is 2.11. Besides these, the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 6.79.

Financial Health

In the three months ended September 29, SunPower Corporation’s quick ratio stood at 1.60, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.09, and the total debt-to-equity ratio was 1.38. On the profitability front, the trailing twelve-month gross margin is 16.70% percent. In the year ended September 29, operating margins totaled 0.00%. Based on annual data, SPWR earned $221.61 million in gross profit and brought in $1.32 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.50%. Return on equity (ROE) for the past 12 months was -27.20%.

In SunPower Corporation’s quarter-end financial report for September 29, it reported total debt of $0.34 million against cash and short-term investments of $308.84 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SPWR’s revenue rose 12.53% to $384.53 million during the quarter, while net income inched up to $350.28 million. While analysts expected SunPower Corporation to report $0.02 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated -$5.92 million in EBITDA. The liabilities of SunPower Corporation were 1.21 billion at the end of its most recent quarter ended September 29, and its total debt was $587.64 million. The value of shareholders’ equity is $173.86 million.

Technical Picture

This quick technical analysis looks at SunPower Corporation’s (SPWR) price momentum. With a historical volatility rate of 122.86%, the RSI 9-day stood at 39.12% on 13 May.

With respect to its five-day moving average, the current SunPower Corporation price is down by -10.00% percent or -$1.69. At present, SPWR shares trade -25.44% below its 20-day simple moving average and -23.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.84% below its SMA50 and -38.25% below its SMA200.

Stochastic coefficient K was 18.73% and Stochastic coefficient D was 11.89%, while ATR was 1.46. Given the Stochastic reading of 37.94% for the 14-day period, the RSI (14) reading has been calculated as 38.84%. As of today, the MACD Oscillator reading stands at -1.91, while the 14-day reading stands at -2.21.

Analyst Ratings

SunPower Corporation (SPWR) has been rated Hold by analysts. According to 2 brokerage firms, SPWR is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate SunPower Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $21.00, the current consensus forecast for the stock is $16.00 – $26.00. Based on these forecasts, analysts predict SunPower Corporation (SPWR) will achieve an average price target of $21.14.


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