Sunpower Corp (NASDAQ:SPWR) price closed lower on Monday, April 15, dropping -4.84% below its previous close.
A look at the daily price movement shows that the last close reads $2.48. The company’s 5Y monthly beta was ticking 1.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.92 and 52-week low of $2.46. The stock subtracted -11.61% on its value in the past month.
Sunpower Corp, which has a market valuation of $414.13 million, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SPWR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that SPWR’s price is at present -14.31% off the SMA20 and -23.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.84, with weekly volatility standing at 7.55%. The indicator jumps to 8.41% when calculated based on the past 30 days. Sunpower Corp (NASDAQ:SPWR)’s beta value is holding at 1.79, while the average true range (ATR) indicator is currently reading 0.24.
An analysis of the Sunpower Corp (NASDAQ:SPWR) stock in terms of its daily trading volume indicates that the 3-month average is 7.08 million.
Current records show that the company has 175.48M in outstanding shares. The insiders’ percentage holdings are 70.81% of outstanding shares while the percentage share held by institutions stands at 46.62%. But the -51.14% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
