Monitoring some price target data, we have noticed that shares of SunPower Corporation (NASDAQ:SPWR) currently have an average target of $6.71. This number is the consensus target price averaging estimates provided by analysts polled by Zacks Research. Sell-side analysts have various methods at their disposal for estimating stock price targets. Many investors will closely monitor stock target prices, especially when Street analysts change their view on a specific target price. Some investors may follow these sell-side targets very closely and use the provided information to assist with their own stock research.
Every investor strives to maximize returns in the stock market. To achieve success in the market, investors may take many different paths. Because there are so many different strategies, one investor’s road may end up being quite different than another. Over time, the investor may have to overcome various difficulties. Trading the stock market can indeed be exhilarating, but it can also cause lots of strife. Some investors may be able to be much more aggressive when creating the stock portfolio. Others may have a much lower risk threshold and choose to play it a bit safer. Because humans are prone to error, there may be many mistakes made along the way. Investors who are able to identify mistakes and learn from them may find themselves in a much better position down the road.
We can now shift the focus to some company earnings data. Based on projections provided by 8 individual Wall Street analysts polled by Zacks Research, SunPower Corporation (NASDAQ:SPWR) has a current quarter EPS consensus estimate of -0.12. For the prior reporting period, the company posted quarterly earnings per share of -0.21. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.
Taking a look at the current consensus broker rating for SunPower Corporation (NASDAQ:SPWR), we note that the ABR is 3.25. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 2.
Investors may be following some historical price data on shares of SunPower Corporation (NASDAQ:SPWR). Over the past 12 weeks, the stock has seen a change of 36.53%. If we go back to the beginning of the year, we can see that shares have changed 48.89%. Over the last 4 weeks, shares have seen a change of 20.72%. Over the last 5 trading sessions, the stock has moved 14.91%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $9.77, and the 52-week low is currently $4.6. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $7.4 mark.
Investors are constantly hunting for bargains when picking stocks. There may be times when a particular stock might be flying under the radar, but is usually only a matter of time before someone catches on. Investors might be widening their stock focus to find these undervalued names. This may include small caps, foreign stocks, or stocks that just haven’t become household names. Expanding the scope of interest may help the investor discover areas of future opportunity. Although there are plenty of investors who will stick to the solid, historically steady stocks, there are plenty more that are searching for that next big winner that will give the portfolio a big bump.