Sunpower Corp (NASDAQ:SPWR) traded at $2.74 at close of the session on Tuesday, May 21, made a downward move of -2.84% on its previous day’s price.
Looking at the stock we see that its previous close was $2.82 . In terms of its 52-week price range, SPWR has a high of $12.18 and a low of $1.76. The company’s stock has gained about 28.04% over that past 30 days.
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Sunpower Corp has a market cap of $480.82 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.26, with the EPS growth for the year raised at -$0.58 for 2024 and -$0.12 for next year. These figures represent 36.30% and 79.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $324.62 million, with a low of $252.8 million and a high of $419 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.47 billion, or -13.30% down from figures reported last year.
On the other hand, looking at the outlook for the SPWR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 11.02% off its SMA20 and 6.17% from its 50-day simple moving average. The RSI (14) is pointing at 51.28 while the volatility over the past week is 16.36% and jumps to 13.17% over the past one month. The beta value is 1.98, while the average true range (ATR) is currently pointing at 0.46.
Coming back to Sunpower Corp (NASDAQ:SPWR), we note that the average 3-month trading volume was 8.34 million. Current shares outstanding are 175.48 million.
The insiders hold 74.54% of the company’s shares while institutions hold 44.23%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -43.27% down in year-to-date price movement.
