Analyst Expects Sunpower Corp (NASDAQ: SPWR) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed SunPower Provides Update on Discussions with Key Financial Partners.

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Stocks Info

As a NASDAQ listed company, SPWR falls under the Technology sector while operating within the Solar industry segment. The current market capitalization of Sunpower Corp is $627.79M. A total of 5.59 million shares were traded on the day, compared to an average of 0.70 shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SPWR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 12 SELLs from insiders. Insiders purchased 338,266 shares during that period but sold 116,590.

In the most recent transaction, Faricy Peter bought 7,500 shares of SPWR for 13.29 per share on Mar 16. After the transaction, the President and CEO now owns 177,458 company shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SPWR in the last 3 months, the mean price target is $3.96 with high estimates of $8.00 and low estimates of $1.61. In terms of 52-week highs and lows, SPWR has a high of $18.15 and a low of $2.74.

As of this writing, SPWR has an earnings estimate of -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.35. The company reported an EPS of -$0.13 in the last quarter, which was -160.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SPWR’s latest balance sheet shows that the firm has $489.62M in Cash & Short Term Investments as of fiscal 2021. There were $574.10M in debt and $513.62M in liabilities at the time. Its Book Value Per Share was $2.41, while its Total Shareholder’s Equity was $383.60M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPWR is Buy with a score of 2.52.

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