Sunpower Corp (NASDAQ: SPWR) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 13.02%

Sunpower Corp (NASDAQ:SPWR) does about 11.00M shares in volume on a normal day but saw 6629081 shares change hands in Monday trading. The company now has a market cap of 380.79M USD. Its current market price is $2.17, marking an increase of 4.33% compared to the previous close of $2.08. 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 $2.83 and the current price is -82.18% off the 52-week high compared with 22.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.79 and its 200-day simple moving average is $3.68. If we look at the stock’s price movements over the week, volatility stands at 13.89%, which decreases to 13.02% 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 38.84 to suggest the stock is neutral.

The consensus objective for the share price is $3.16, suggesting that the stock has a potential upside of 31.33% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 15, 2024 when Wolfe Research downgraded the stock to “Underperform” and issued a price target of $2. Evercore ISI also downgraded the stock to “In-line” from Outperform on April 23, 2024 at a price target of $6. Guggenheim downgraded its price target at $1.

Sunpower Corp (SPWR) stock is down -26.69% over the week and -33.23% over the past month. Its price is -55.07% year-to-date and -76.28% over the past year.

To reach the target analysts have set, the stock logically needs to grow 31.33 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 1.89. Price to book ratio is 0.90 and price to sales ratio is 0.23.