At the time of writing, Sunpower Corp [SPWR] stock is trading at $2.98, up 7.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPWR shares have gain 12.88% over the last week, with a monthly amount drifted -14.12%, and not seem to be holding up well over a long-time horizon.
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On 14, March 2024, SunPower Appoints Chief Revenue Officer. In a post published today on Yahoo Finance, Tony Garzolini rejoins the company in a newly created role as SunPower deepens focus on profitability and Dealer experience.
From an analyst’s perspective:
Sunpower Corp [NASDAQ: SPWR] stock has seen the most recent analyst activity on February 16, 2024, when Guggenheim downgraded its rating to a Sell but kept the price target unchanged to $1 for it. Previously, Susquehanna downgraded its rating to Neutral on January 11, 2024, and dropped its price target to $4. On January 08, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $4 on the stock. Raymond James downgraded its rating to a Mkt Perform. Goldman downgraded its rating to a Sell and reduced its price target to $4 on December 18, 2023. Jefferies started tracking with a Hold rating for this stock on December 15, 2023, and assigned it a price target of $5.50. In a note dated November 21, 2023, Mizuho initiated an Neutral rating and provided a target price of $5 on this stock.
For the past year, the stock price of Sunpower Corp fluctuated between $2.52 and $14.92. Currently, Wall Street analysts expect the stock to reach $20.55 within the next 12 months. Sunpower Corp [NASDAQ: SPWR] shares were valued at $2.98 at the most recent close of the market. An investor can expect a potential return of 589.6% based on the average SPWR price forecast.
Analyzing the SPWR fundamentals
According to Sunpower Corp [NASDAQ:SPWR], the company’s sales were 1.69B for trailing twelve months, which represents an -28.36% plunge. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.56 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.75 points at the first support level, and at 2.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.13, and for the 2nd resistance point, it is at 3.29.
Sunpower Corp [SPWR] reported earnings per share of -$0.51 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.24/share, meaning a difference of -$0.27 and a surprise factor of -112.50%.
Ratios To Look Out For
It is important to note that Sunpower Corp [NASDAQ:SPWR] has a current ratio of 0.94. Further, the Quick Ratio stands at 0.64, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 1.24.
