The stock of Sunpower Corp (SPWR) has seen a 0.33% increase in the past week, with a -5.36% drop in the past month, and a -39.09% decrease in the past quarter. The volatility ratio for the week is 10.14%, and the volatility levels for the past 30 days are at 8.95% for SPWR. The simple moving average for the past 20 days is 4.18% for SPWR’s stock, with a -48.51% simple moving average for the past 200 days.
Is It Worth Investing in Sunpower Corp (NASDAQ: SPWR) Right Now?
Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 18 as “hold,” and 9 as “sell.”
The public float for SPWR is 51.19M, and currently, short sellers hold a 83.10% ratio of that floaft. The average trading volume of SPWR on April 01, 2024 was 7.54M shares.
SPWR) stock’s latest price update
The stock price of Sunpower Corp (NASDAQ: SPWR) has surged by 4.53 when compared to previous closing price of 2.87, but the company has seen a 0.33% gain in its stock price over the last five trading sessions. Invezz reported 2024-03-26 that Short-sellers have lost a fortune this year as American equities have continued soaring. The Nasdaq 100 and S&P 500 indices have surged to a record high and analysts expect that this trend may continue this year.
Analysts’ Opinion of SPWR
Many brokerage firms have already submitted their reports for SPWR stocks, with Guggenheim repeating the rating for SPWR by listing it as a “Sell.” The predicted price for SPWR in the upcoming period, according to Guggenheim is $1 based on the research report published on February 16, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see SPWR reach a price target of $4, previously predicting the price at $5.50. The rating they have provided for SPWR stocks is “Neutral” according to the report published on January 11th, 2024.
Wells Fargo gave a rating of “Underweight” to SPWR, setting the target price at $4 in the report published on January 08th of the current year.
SPWR Trading at -5.63% 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 -79.89% of loss for the given period.
Volatility was left at 8.95%, however, over the last 30 days, the volatility rate increased by 10.14%, as shares sank -3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, SPWR rose by +0.33%, which changed the moving average for the period of 200-days by -73.57% in comparison to the 20-day moving average, which settled at $2.87. In addition, Sunpower Corp saw -37.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SPWR
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.12 for the gross margin
The net margin for Sunpower Corp stands at -0.14. The total capital return value is set at -0.4. Equity return is now at value -52.76, with -14.60 for asset returns.
Based on Sunpower Corp (SPWR), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at -0.36. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is -12.66.
Currently, EBITDA for the company is -127.16 million with net debt to EBITDA at -1.87. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 7.87for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In a nutshell, Sunpower Corp (SPWR) has experienced a bad performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. 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.
