As of Friday close, SunPower Corporation’s (NASDAQ:SPWR) stock was down -$0.25, moving down -3.78 percent to $6.37. The average number of shares traded per day over the past five days has been 3,173,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 4,065,095, while in the previous 50 days, it was 5,765,040.
Since last month, SPWR stock retreated -12.62%. Shares of the company fell to $6.31 on 09/07/23, the lowest level in the past month. A 52-week high of $26.59 was reached on 01/18/23 after having rallying from a 52-week low of $6.31. Since the beginning of this year, SPWR’s stock price has dropped by -64.67% or -$11.66, and marked a new high 6 times. However, the stock has declined by -76.04% since its 52-week high.
SPWR stock investors should be aware that SunPower Corporation (SPWR) stock had its last reported insider trading activity 191 days ago on Mar 16. Faricy Peter, the President and CEO of the company, purchased of 7,500 shares for $13.29 on Mar 16. It resulted in a $99,686 investment by the insider. Heang Vichheka sold 3,500 shares at an average price of $22.01 on Nov 14. The insider now owns 3,181 shares following the transaction.
Valuation Metrics
Right now, SunPower Corporation (SPWR) has a P/E ratio of about 20.89. The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 2.34.
Financial Health
In the three months ended June 29, SunPower Corporation’s quick ratio stood at 1.00, while its current ratio was 1.60, 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 June 29 was 0.67, and the total debt-to-equity ratio was 0.77. On the profitability front, the trailing twelve-month gross margin is 18.00% percent. In the year ended June 29, EBITDA margin amounted to 1.98%, whereas operating margins totaled -1.60%. Based on annual data, SPWR earned $363.9 million in gross profit and brought in $1.74 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 0.70%. Return on equity (ROE) for the past 12 months was 12.00%.
In SunPower Corporation’s quarter-end financial report for June 29, it reported total debt of $305.71 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPWR’s revenue rose 9.85% to $440.11 million during the quarter, while net income inched up to $463.13 million. While analysts expected SunPower Corporation to report -$0.05 quarterly earnings, the actual figure was -$0.13 per share. During the quarter, the company generated -$8.93 million in EBITDA. The liabilities of SunPower Corporation were 1.1 billion at the end of its most recent quarter ended June 29, and its total debt was $403.47 million. The value of shareholders’ equity is $175.19 million.
Technical Picture
This quick technical analysis looks at SunPower Corporation’s (SPWR) price momentum. With a historical volatility rate of 75.22%, the RSI 9-day stood at 33.93% on 22 September.
With respect to its five-day moving average, the current SunPower Corporation price is down by -11.77% percent or -$0.85. At present, SPWR shares trade -7.68% below its 20-day simple moving average and -50.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -38.87% below its SMA50 and -73.15% below its SMA200.
Stochastic coefficient K was 25.48% and Stochastic coefficient D was 34.63%, while ATR was 0.43. Given the Stochastic reading of 5.24% for the 14-day period, the RSI (14) reading has been calculated as 35.41%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.24.
Analyst Ratings
SunPower Corporation downgraded its rating on SunPower Corporation (NASDAQ: SPWR) to a Neutral in a note to investors on July 27, 2023. The analysts firm previously had an Outperform rating on the stock.SunPower Corporation (SPWR) has been rated Hold by analysts. According to 2 brokerage firms, SPWR is a sell, and 19 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate SunPower Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $7.00 – $17.00. Based on these forecasts, analysts predict SunPower Corporation (SPWR) will achieve an average price target of $10.41.
