SunPower Corporation [SPWR] Is Currently 10.12 below its 200 Period Moving Avg: What Does This Mean?

SunPower Corporation [NASDAQ: SPWR] jumped around 0.67 points on Tuesday, while shares priced at $7.29 at the close of the session, up 10.12%. The company report on September 7, 2023 at 9:25 AM that SunPower Enhances SunVault Battery Storage for Electricity Bill Savings.

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New cost saving features help California residents maximize savings under new home solar tariff policy.

SunPower Corporation stock is now -59.57% down from its year-to-date (YTD) trading value. SPWR Stock saw the intraday high of $7.32 and lowest of $6.47 per share. The company’s 52-week high price is 28.42, which means current price is +15.53% above from all time high which was touched on 01/18/23.

Compared to the average trading volume of 6.09M shares, SPWR reached a trading volume of 6610825 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SunPower Corporation [SPWR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPWR shares is $10.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPWR stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for SunPower Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 27, 2023.

The Average True Range (ATR) for SunPower Corporation is set at 0.44, with the Price to Sales ratio for SPWR stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 2.68, with the Price to Cash per share for the same quarter was set at 0.66.

How has SPWR stock performed recently?

SunPower Corporation [SPWR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.55. With this latest performance, SPWR shares dropped by -10.44% in over the last four-week period, additionally sinking by -51.88% over the last 6 months – not to mention a drop of -74.08% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPWR stock in for the last two-week period is set at 45.33, with the RSI for the last a single of trading hit 52.90, and the three-weeks RSI is set at 41.97 for SunPower Corporation [SPWR]. The present Moving Average for the last 50 days of trading for this stock 8.67, while it was recorded at 6.75 for the last single week of trading, and 13.46 for the last 200 days.

SunPower Corporation [SPWR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SunPower Corporation [SPWR] shares currently have an operating margin of -0.01 and a Gross Margin at +20.90. SunPower Corporation’s Net Margin is presently recorded at +5.88.

Return on Total Capital for SPWR is now -0.02, given the latest momentum, and Return on Invested Capital for the company is 13.99. Return on Equity for this stock inclined to 21.25, with Return on Assets sitting at 6.14. When it comes to the capital structure of this company, SunPower Corporation [SPWR] has a Total Debt to Total Equity ratio set at 97.27. Additionally, SPWR Total Debt to Total Capital is recorded at 49.31, with Total Debt to Total Assets ending up at 31.41. Long-Term Debt to Equity for the company is recorded at 6.53, with the Long-Term Debt to Total Capital now at 3.31.

Reflecting on the efficiency of the workforce at the company, SunPower Corporation [SPWR] managed to generate an average of $21,732 per employee. Receivables Turnover for the company is 7.87 with a Total Asset Turnover recorded at a value of 1.04.SunPower Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Earnings analysis for SunPower Corporation [SPWR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPWR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SunPower Corporation go to 52.70%.

Insider trade positions for SunPower Corporation [SPWR]

The top three institutional holders of SPWR stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in SPWR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in SPWR stock with ownership which is approximately 5.7381%.

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