Complete Solaria Inc (NASDAQ:SPWR) price on Friday, May 02, fall -2.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.89.
A look at the stock’s price movement, the close in the last trading session was $1.94, moving within a range at $1.88 and $1.95. The beta value (5-Year monthly) was 0.867. Turning to its 52-week performance, $3.37 and $0.53 were the 52-week high and 52-week low respectively. Overall, SPWR moved 19.62% over the past month.
Complete Solaria Inc’s market cap currently stands at around $151.51 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Feb-14.
Analysts have a consensus estimate of 85M for the company’s revenue for the quarter, with a low and high estimate of 85M and 85M respectively. The average forecast suggests up to a 1,792.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 97.53M, representing a 11.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPWR is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 11 analyst(s) rate the stock as a Hold, 7 recommend SPWR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPWR’s current price about 7.46% and 17.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.23, while 7-day volatility ratio is 7.07% and 14.94% in the 30-day chart. Further, Complete Solaria Inc (SPWR) has a beta value of 0.83, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $3 and high of $28. Looking at the price targets, the low is -58.73% off current price level while to achieve the yearly target high, price needs to move -1381.48%. Nonetheless, investors will most likely welcome a -825.93% jump to $17.5 which is the analysts’ median price.
If we refocus on Complete Solaria Inc (NASDAQ:SPWR), historical trading data shows that trading volumes averaged 0.74 over the past 10 days and 439.77K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.98 million shares.
The 34.02% of Complete Solaria Inc’s shares are in the hands of company insiders while institutional holders own 11.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.37 million on 2025-03-31, giving us a short ratio of 11.67. The data shows that as of 2025-03-31 short interest in Complete Solaria Inc (SPWR) stood at 1193.99995 of shares outstanding, with shares short rising to 3.0 million registered in 2025-02-28. Current price change has pushed the stock 5.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPWR stock continues to rise going into the next quarter.
