Sunpower Corp (NASDAQ: SPWR)’s stock price has gone decline by -1.97 in comparison to its previous close of 4.57, however, the company has experienced a 17.59% increase in its stock price over the last five trading days. The Motley Fool reported 2023-11-15 that The solar energy specialist reached a settlement and supply deal with a business partner. It had apparently fallen out with peer Maxeon over master supply agreements.
Is It Worth Investing in Sunpower Corp (NASDAQ: SPWR) Right Now?
Additionally, the 36-month beta value for SPWR is 1.94. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 18 rating it as “hold,” and 5 rating it as “sell.”
The average price predicted by analysts for SPWR is $5.41, which is $0.93 above the current price. The public float for SPWR is 86.30M and currently, short sellers hold a 36.92% ratio of that float. The average trading volume of SPWR on November 21, 2023 was 4.93M shares.
SPWR’s Market Performance
SPWR stock saw a decrease of 17.59% in the past week, with a monthly decline of -11.98% and a quarterly a decrease of -37.69%. The volatility ratio for the week is 8.80%, and the volatility levels for the last 30 days are 8.37% for Sunpower Corp (SPWR).. The simple moving average for the past 20 days is 4.64% for SPWR’s stock, with a -55.27% simple moving average for the past 200 days.
Analysts’ Opinion of SPWR
Many brokerage firms have already submitted their reports for SPWR stocks, with Exane BNP Paribas repeating the rating for SPWR by listing it as a “Underperform.” The predicted price for SPWR in the upcoming period, according to Exane BNP Paribas is $4 based on the research report published on October 20, 2023 of the current year 2023.
SPWR Trading at -16.64% 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 -82.05% of loss for the given period.
Volatility was left at 8.37%, however, over the last 30 days, the volatility rate increased by 8.80%, as shares sank -9.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.33% lower at present.
During the last 5 trading sessions, SPWR rose by +17.59%, which changed the moving average for the period of 200-days by -74.41% in comparison to the 20-day moving average, which settled at $4.26. In addition, Sunpower Corp saw -75.15% 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 Faricy Peter, who purchase 7,500 shares at the price of $13.29 back on Mar 16. After this action, Faricy Peter now owns 177,458 shares of Sunpower Corp, valued at $99,686 using the latest closing price.
Stock Fundamentals for SPWR
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- +20.90 for the gross margin
The net margin for Sunpower Corp stands at +5.88. The total capital return value is set at -0.02, while invested capital returns managed to touch 13.99. Equity return is now at value -20.89, with -6.51 for asset returns.
Based on Sunpower Corp (SPWR), the company’s capital structure generated 97.27 points at debt to equity in total, while total debt to capital is 49.31. Total debt to assets is 31.41, with long-term debt to equity ratio resting at 6.53. Finally, the long-term debt to capital ratio is 3.31.
When we switch over and look at the enterprise to sales, we see a ratio of 0.46, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 7.87 and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
In conclusion, Sunpower Corp (SPWR) has seen bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.