SunPower Corporation (NASDAQ:$SPWR) has caught the eye of more than a few analysts with an impressive increase of 072%, closing at $8.45. A total of 2.54 million shares were exchanged, comparing to the day trading average of 3.33 million shares. SPWR has an estimated 142.48 million and a market cap of $1.2 billion.
SPWR currently has an Average Brokerage Recommendation – an aggregate of analyst ratings – of 2.62. Out of the 15 brokerages, SPWR had 1 rating of ‘Buy’, 2 ratings of ‘Outperform’, 11 ratings of ‘Hold’, and 1 rating of ‘Underperform’. 0 brokerages rated the stock as ‘Sell’.
The average target price for SPWR is $9.43, with the highest projections at $15 and the lowest projection at $5. Oscillating between $11.70 and $5.84 on its 12-month price, the company sits -11.83% below its 50 day moving average of $9.19 and 6.98% far from its 200 day moving average of $8.18.
The stock hit its 12 month high on Friday, July 28 and its 12 month low on Wednesday, March 22. The company’s Average True Range sits at 0.38, while its weekly and monthly ATR is 3.71% and 4.04%. The company’s Relative Strength Index stands well below the 80 goal, at 38.19.
However, the company’s return stats are in the negative. Return of Assets of -11.9%, a Return of Investment of -14.4% and a Return of Equity of -56.4%. The company also has a trailing 12-month gross margin of 3.3%, with a trailing 12 month operating margin of -18.4% and a 12-month net profit of -21.8%.
While the company’s current quarter growth rate is estimated at -148.5%, it has a next quarter estimate of 107.8%. This year, the company is estimated to experience -115.2% growth, but an estimated growth rate of 105.1%.
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