Currently, there are 174.27M common shares owned by the public and among those 86.45M shares have been available to trade.
Insiders at the company have transacted a total of 47 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 338,266 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 116,590 shares.
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However, the script later moved the day high at 4.3300, up 16.20%. The company’s stock has a 5-day price change of 35.06% and 7.77% over the past three months. SPWR shares are trading -13.87% year to date (YTD), with the 12-month market performance down to -73.25% lower. It has a 12-month low price of $2.74 and touched a high of $18.15 over the same period. SPWR has an average intraday trading volume of 1.70 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.50%, 2.07%, and -41.47% respectively.
Institutional ownership of Sunpower Corp (NASDAQ: SPWR) shares accounts for 51.03% of the company’s 174.27M shares outstanding.
It has a market capitalization of $729.50M and a beta (3y monthly) value of 1.82. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.14% over the week and 10.79% over the month.
Analysts forecast that Sunpower Corp (SPWR) will achieve an EPS of -$0.24 for the current quarter, -$0.14 for the next quarter and -$0.32 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -306.71%, and 48.33% over the next financial year.
Looking at the support for the SPWR, a number of firms have released research notes about the stock. Susquehanna stated their Neutral rating for the stock in a research note on January 11, 2024, with the firm’s price target at $5.50-$4.
