Sunpower Corp (NASDAQ:SPWR) shares traded -4.61% lower at $4.76 on Wall Street last session.
In accordance with the data, 28 analysts cover Sunpower Corp (NASDAQ:SPWR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.80 and a low of $2.50, we find $5.00. Given the previous closing price of $4.99, this indicates a potential upside of 0.2 percent. SPWR stock price is now -0.76% away from the 50-day moving average and -48.56% away from the 200-day moving average. The market capitalization of the company currently stands at $833.90M.
It has been rated a hold by 18 analysts and a buy by 3. Brokers who have rated the stock have averaged $5.43 as their price target over the next twelve months.
With the price target of $5, Mizuho recently initiated with Neutral rating for Sunpower Corp (NASDAQ: SPWR).
In other news, Faricy Peter, President and CEO bought 7,500 shares of the company’s stock on Mar 16. The stock was bought for $99,686 at an average price of $13.29. Upon completion of the transaction, the President and CEO now directly owns 177,458 shares in the company, valued at $0.84 million. Insiders disposed of 126,461 shares of company stock worth roughly $0.6 million over the past 1 year. A total of 50.73% of the company’s stock is owned by insiders.
Sunpower Corp (NASDAQ: SPWR) opened at $4.9400 on Friday. During the past 12 months, Sunpower Corp has had a low of $3.68 and a high of $23.79. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.66, and a quick ratio of 1.07. The fifty day moving average price for SPWR is $4.7696 and a two-hundred day moving average price translates $9.2022 for the stock.
The latest earnings results from Sunpower Corp (NASDAQ: SPWR) was released for Sep, 2023. The net profit margin was -5.89% and return on equity was -20.89% for SPWR. The company reported revenue of $432.0 million for the quarter, compared to $475.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.19 percent. For the current quarter, analysts expect SPWR to generate $365.49M in revenue.
