Sunpower Corp (SPWR) Stock: A Look at the Analyst Recommendations

The public float for SPWR is 86.45M, and currently, short sellers hold a 40.15% ratio of that float. The average trading volume of SPWR on February 12, 2024 was 0.70 shares.

SPWR) stock’s latest price update

The stock price of Sunpower Corp (NASDAQ: SPWR) has surged by 3.58 when compared to previous closing price of 3.96, but the company has seen a 4.37% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-08 that SunPower (SPWR) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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SPWR’s Market Performance

SPWR’s stock has risen by 4.37% in the past week, with a monthly drop of -7.97% and a quarterly drop of -11.60%. The volatility ratio for the week is 8.39% while the volatility levels for the last 30 days are 10.15% for Sunpower Corp The simple moving average for the past 20 days is -1500.00% for SPWR’s stock, with a Feb 15 BMO simple moving average for the past 200 days.

Analysts’ Opinion of SPWR

Many brokerage firms have already submitted their reports for SPWR stocks, with Susquehanna repeating the rating for SPWR by listing it as a “Neutral.” The predicted price for SPWR in the upcoming period, according to Susquehanna is $4 based on the research report published on January 11, 2024 of the current year 2024.

SPWR Trading at -9.46% 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 -80.28% of loss for the given period.

Volatility was left at 10.15%, however, over the last 30 days, the volatility rate increased by 8.39%. Over the last 50 days, in opposition, the stock is trading -11.82% lower at present.

During the last 5 trading sessions, SPWR rose by +4.37%, which changed the moving average for the period of 200-days by -74.23% in comparison to the 20-day moving average, which settled at $3.24. In addition, Sunpower Corp saw -25.88% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

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

Equity return is now at value -22.96, with -7.11 for asset returns.

Conclusion

To put it simply, Sunpower Corp (SPWR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.

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