The stock of SunPower Corporation (NASDAQ:SPWR) decreased by -$0.01 on Monday to finish at $8.13, down -0.12 percent. The last five days have seen an average of 5,319,140 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$9.90. The average number of shares traded over the last 20 days was 7,910,180, while the average volume over the last 50 days totaled 6,756,958.
SPWR stock dropped -19.50% since last month. On 08/14/23, the company’s shares reached a one-month low of $7.85. The stock touched a high of $28.42 on 01/18/23, after rallying from a low of $7.91 in 52 weeks. The price of SPWR stock has declined by -54.91% or -$9.90 this year, reaching a new high 6 times. Still, the stock price is down -71.39% from the 52-week high.
Insider Transactions
SPWR stock investors should be aware that SunPower Corporation (SPWR) stock had its last reported insider trading activity 152 days ago on Mar 16. On Mar 16, President and CEO Faricy Peter acquired 7,500 shares at $13.29 each. This transaction resulted in the insider spending $99,686. On Nov 14, Heang Vichheka sold 3,500 shares at a price of US$22.01. After the transaction, the insider now owns 3,181 shares.
Valuation Metrics
SunPower Corporation (SPWR) has a trailing price-to-earnings (P/E) ratio of 26.66. Beta for the stock is 1.92. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 2.99.
Financial Health
For the three months ended June 29, SunPower Corporation’s quick ratio was 1.00, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.67, and the total debt to equity ratio is 0.77. As far as profitability goes, gross margin for the trailing twelve months is 18.00% percent. SunPower Corporation’s EBITDA margin for the year ended June 29 was 1.98%, whereas its operating margin stood at -1.60% for the same period. Based on annual data, it had gross profit of $363.9 million and revenue of $1.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SPWR’s return on assets (ROA) during the last 12 months has been 3.90%. There was a 0.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.00%.
Earnings Surprise
According to SunPower Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $463.85 million, while revenues rose by 9.93% to $440.88 million. It was predicted that SunPower Corporation’s quarterly earnings would be -$0.13, but it ended up being -$0.05. EBITDA was -$8.93 million for the quarter. At the end of SunPower Corporation’s most recent quarter ended June 29, its liabilities totaled 1.1 billion, while its total debt was $403.47 million. Equity owned by shareholders amounts to $175.19 million.
Technical Picture
Here’s a quick look at SunPower Corporation’s (SPWR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 24.97%, suggesting the stock is oversold, with a 41.25% historical volatility rate.
The stochastic %K and %D were 6.73% and 6.31% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 11.43%, the RSI (14) reading is 30.94%. On the 9-day MACD Oscillator, the stock is at -0.37, and the 14-day reading is at -0.71.
Analyst Ratings
SunPower Corporation (NASDAQ: SPWR) was downgraded by Robert W. Baird to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned SunPower Corporation (SPWR) an Hold rating. SPWR is a stock that is recommended for selling by 2 brokerage firms, while 20 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is SPWR’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $17.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for SunPower Corporation (SPWR) is $10.93.
