Sunpower Corporation (NASDAQ:SPWR) shares traded -0.62% down during most recent session to reach at the closing price of $6.43. The stock exchanged hands 1.59 Million shares versus average trading capacity of 1.76 Million shares, yielding a market cap of $907.66 Million. Wall Street analysts covering the stock are projecting that the stock will reach $6.6 within the next 52-weeks. The mean target projections are based on 11 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Sunpower Corporation (NASDAQ:SPWR) high price target of $9 and with a conservative view have low price target of $3.5.
Barclays “Initiates Coverage On” Sunpower Corporation (NASDAQ:SPWR) in a research note issued to investors on 1/08/19 to Underweight with price target of $4.
Additionally on 10/09/18 Bank of America “Maintained” Sunpower Corporation (NASDAQ:SPWR) to Neutral setting price target at $7 and on 10/04/18 Bank of America “Upgrades” the stock to Neutral at $7.5. Furthermore on 9/19/18 Baird “Maintained” the stock to Neutral at $9.
On the other hand the company has Relative Strength Index (RSI 14) of 62.39 along with Average True Range (ATR 14) of 0.32, Consequently Sunpower Corporation (NASDAQ:SPWR)’s weekly and monthly volatility is 3.89%, 5.86% respectively. The company’s beta value is at 2.3.
In terms of Buy, Sell or Hold recommendations, Sunpower Corporation (NASDAQ:SPWR) has analysts’ mean recommendation of 3.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Sunpower Corporation (NASDAQ:SPWR)’s minimum EPS for the current quarter is at $-0.49 and can go high up to $-0.11. The consensus mean EPS for the current quarter is at $-0.37 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.2 earnings per share for the same quarter during last year.
Previously Sunpower Corporation (NASDAQ:SPWR) reported $-0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.32 by $0.11. The company posted an earnings surprise of 34.4%.
Sunpower Corporation (NASDAQ:SPWR)’s revenue estimates for the current quarter are $373.86 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $472.15 Million in contradiction of low revenue estimates of $310 Million. For the current year the company’s revenue estimates are $2 Billion compared to low analyst estimates of $1.96 Billion and high estimates of $2.09 Billion according to 7 number of analysts.
Currently Sunpower Corporation (NASDAQ:SPWR)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 31.9%. However the six-month change in the insider ownership was recorded -5.71%, as well as three-month change in the institutional ownership was recorded 2.06%.
Sunpower Corporation (NASDAQ:SPWR)’s trailing twelve month revenues are $1.73 Billion, whereas its price to sales ratio for the same period is 0.53. Its book value per share for the most recent quarter is $-1.48 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $2.19, however its price to cash per share ratio for the same period is 2.93. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.