SunPower Corporation (NASDAQ:SPWR) went up by 3.52% from its latest closing price compared to the recent 1-year high of $57.52. The company’s stock price has collected -5.67% of loss in the last five trading sessions. Barron’s reported on 01/04/22 that Why It May Be Time to Buy SunPower and First Solar Stocks
Is It Worth Investing in SunPower Corporation (NASDAQ :SPWR) Right Now?
SunPower Corporation (NASDAQ:SPWR) scored a price-to-earnings ratio above its average ratio, recording 10.87 x from its present earnings ratio. Plus, the 36-month beta value for SPWR is at 2.11. Opinions of the stock are interesting as 2 analysts out of 18 who provided ratings for SunPower Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 9 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $25.88, which is $5.77 above the current price. SPWR currently public float of 79.78M and currently shorts hold a 18.10% ratio of that float. Today, the average trading volume of SPWR was 3.27M shares.
SPWR’s Market Performance
SPWR stocks went down by -5.67% for the week, with a monthly drop of -13.17% and a quarterly performance of -26.01%, while its annual performance rate touched -32.84%. The volatility ratio for the week stands at 6.48% while the volatility levels for the past 30 days are set at 5.94% for SunPower Corporation. The simple moving average for the period of the last 20 days is -2.21% for SPWR stocks with a simple moving average of -19.86% for the last 200 days.
Analysts’ Opinion of SPWR
Many brokerage firms have already submitted their reports for SPWR stocks, with Raymond James repeating the rating for SPWR by listing it as a “Outperform.” The predicted price for SPWR in the upcoming period, according to Raymond James is $26 based on the research report published on January 04th of the current year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see SPWR reach a price target of $27. The rating they have provided for SPWR stocks is “Underweight” according to the report published on December 09th, 2021.
CFRA gave a rating of “Sell” to SPWR, setting the target price at $26 in the report published on November 08th of the previous year.
SPWR Trading at -22.06% from the 50-Day Moving Average
After a stumble in the market that brought SPWR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.69% of loss for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 6.48%, as shares sank -14.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.66% lower at present.
During the last 5 trading sessions, SPWR fell by -5.67%, which changed the moving average for the period of 200-days by -30.54% in comparison to the 20-day moving average, which settled at $20.60. In addition, SunPower Corporation saw -2.68% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SPWR starting from Sial Manavendra, who sale 12,634 shares at the price of $32.90 back on Nov 08. After this action, Sial Manavendra now owns 37,906 shares of SunPower Corporation, valued at $415,659 using the latest closing price.
Sial Manavendra, the EVP and CFO of SunPower Corporation, sale 42,322 shares at $25.00 during a trade that took place back on Jun 08, which means that Sial Manavendra is holding 50,540 shares at $1,058,050 based on the most recent closing price.
Stock Fundamentals for SPWR
Current profitability levels for the company are sitting at:
- -1.53 for the present operating margin
- +14.86 for the gross margin
The net margin for SunPower Corporation stands at +53.28. The total capital return value is set at -1.56, while invested capital returns managed to touch 62.53. Equity return is now at value -26.90, with -6.80 for asset returns.
Based on SunPower Corporation (SPWR), the company’s capital structure generated 171.17 points at debt to equity in total, while total debt to capital is 63.12. Total debt to assets is 42.02, with long-term debt to equity ratio resting at 129.28. Finally, the long-term debt to capital ratio is 47.67.
When we switch over and look at the enterprise to sales, we see a ratio of 3.00, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 3.66 and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.