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 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 331,908 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 113,411 shares.
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The company’s stock has a 5-day price change of 1.12% and -22.48% over the past three months. SPWR shares are trading -25.05% year to date (YTD), with the 12-month market performance down to -78.55% 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 8.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.89%, -10.31%, and -47.75% respectively.
Institutional ownership of Sunpower Corp (NASDAQ: SPWR) shares accounts for 47.64% of the company’s 174.27M shares outstanding.
It has a market capitalization of $634.80M and a beta (3y monthly) value of 1.85. The earnings-per-share (ttm) stands at -$1.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 20.25% over the week and 12.80% over the month.
Analysts forecast that Sunpower Corp (SPWR) will achieve an EPS of -$0.15 for the current quarter, -$0.1 for the next quarter and $0.04 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.25 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 38.12%, and 78.17% over the next financial year.
Looking at the support for the SPWR, a number of firms have released research notes about the stock. Guggenheim stated their Sell rating for the stock in a research note on February 16, 2024, with the firm’s price target at $1.
