How Worried Should Investors Be About Sunpower Corp (NASDAQ: SPWR)

Sunpower Corp (NASDAQ:SPWR) does about 6.06M shares in volume on a normal day but saw 20730237 shares change hands in Monday’s trading. The company now has a market cap of 482.57M USD. Its current market price is $2.75, marking an increase of 19.57% compared to the previous close of $2.30. The 52 week high reached by this stock is $12.18 whilst the lowest price level in 52 weeks is $1.76.

Sunpower Corp (SPWR) has a 20-day trading average at $2.21 and the current price is -77.42% off the 52-week high compared with 55.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.56 and its 200-day simple moving average is $4.54. If we look at the stock’s price movements over the week, volatility stands at 10.11%, which decreases to 9.03% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.82 to suggest the stock is neutral.

The consensus objective for the share price is $3.24, suggesting that the stock has a potential upside of 15.12% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 23, 2024 when Evercore ISI downgraded the stock to “In-line” and issued a price target of $6. Guggenheim also downgraded the stock to “Sell” from Neutral on February 16, 2024 at a price target of $1. Susquehanna downgraded its price target at $5.50-$4.

Sunpower Corp (SPWR) stock is up 16.53% over the week and 10.89% over the past month. Its price is -43.06% year-to-date and -74.84% over the past year.

To reach the target analysts have set, the stock logically needs to grow 15.12 percent from here.

The company has a return on investment of -74.98% and return on equity of -52.76%. The beta has a value of 1.92. Price to book ratio is 1.14 and price to sales ratio is 0.29.