Sunpower Corp (NASDAQ:SPWR) has a beta value of 1.87 and has seen 186.37 million shares traded in the last trading session. The company, currently valued at $204.11M, closed the last trade at $0.94 per share which meant it gained $0.22 on the day or 31.27% during that session. The SPWR stock price is -1164.89% off its 52-week high price of $11.89 and 46.81% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 47.85 million shares traded. The 3-month trading volume is 15.10 million shares.
The consensus among analysts is that Sunpower Corp (SPWR) is Hold stock at the moment, with a recommendation rating of 4.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 18 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
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Sunpower Corp (NASDAQ:SPWR) trade information
Sporting 31.27% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SPWR stock price touched $0.94 or saw a rise of 65.31%. Year-to-date, Sunpower Corp shares have moved -80.55%, while the 5-day performance has seen it change -65.07%. Over the past 30 days, the shares of Sunpower Corp (NASDAQ:SPWR) have changed -66.20%. Short interest in the company has seen 29.15 million shares shorted with days to cover at 3.02.
Wall Street analysts have a consensus price target for the stock at $17.5, which means that the shares’ value could jump 94.63% from current levels. The projected low price target is $3 while the price target rests at a high of $28. In that case, then, we find that the current price level is -2878.72% off the targeted high while a plunge would see the stock gain -219.15% from current levels.
Sunpower Corp (SPWR) estimates and forecasts
Figures show that Sunpower Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -70.73% over the past 6 months, with this year growth rate of 38.46%, compared to -5.30% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 24.51% over the past 5 years.
SPWR Dividends
Sunpower Corp is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sunpower Corp (NASDAQ:SPWR)’s Major holders
Investors are also buoyed by the number of investors in a company, with Sunpower Corp top two institutional holders are BLACKROCK INC. with over 17.27 million shares worth more than $51.82 million. As of 2024-03-31, BLACKROCK INC. held 9.8515% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 9.69 million shares as of 2024-03-31. The firm’s total holdings are worth over $29.06 million and represent 5.5233% of shares outstanding.
