Sunpower Corp (NASDAQ: SPWR)’s stock price has increased by 7.34 compared to its previous closing price of 2.18. However, the company has seen a 17.59% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that SunPower’s sales took a hit as bloated inventory depressed prices and demand dried up. For two straight quarters, sales have fallen — but Scotiabank analyst Tristan Richardson says this is about to change.
Is It Worth Investing in Sunpower Corp (NASDAQ: SPWR) Right Now?
Additionally, the 36-month beta value for SPWR is 1.91. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for SPWR is 51.22M and currently, short sellers hold a 76.55% ratio of that float. The average trading volume of SPWR on May 06, 2024 was 6.28M shares.
SPWR’s Market Performance
SPWR’s stock has seen a 17.59% increase for the week, with a -17.89% drop in the past month and a -31.78% fall in the past quarter. The volatility ratio for the week is 8.05%, and the volatility levels for the past 30 days are at 8.32% for Sunpower Corp The simple moving average for the last 20 days is 3.06% for SPWR stock, with a simple moving average of -51.63% for the last 200 days.
Analysts’ Opinion of SPWR
Many brokerage firms have already submitted their reports for SPWR stocks, with Evercore ISI repeating the rating for SPWR by listing it as a “In-line.” The predicted price for SPWR in the upcoming period, according to Evercore ISI is $6 based on the research report published on April 23, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see SPWR reach a price target of $1. The rating they have provided for SPWR stocks is “Sell” according to the report published on February 16th, 2024.
Susquehanna gave a rating of “Neutral” to SPWR, setting the target price at $4 in the report published on January 11th of the current year.
SPWR Trading at -12.29% 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 -81.16% of loss for the given period.
Volatility was left at 8.32%, however, over the last 30 days, the volatility rate increased by 8.05%, as shares sank -12.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.95% 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 -79.31% in comparison to the 20-day moving average, which settled at $2.25. In addition, Sunpower Corp saw -51.55% 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 0.41. 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 conclusion, Sunpower Corp (SPWR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” 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.
