Checking the Overall Picture for SunPower Corporation (SPWR)

SunPower Corporation (SPWR) is an interesting player in the Technology space, with a focus on Semiconductor – Specialized. The stock has been active on the tape, currently trading at $7.86, up from yesterday’s close by 5.22%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

SunPower Corporation (SPWR) currently trades with a market capitalization of $1.15 Billion. That value represents a market adjusting for revenues that have been growing by 19.08 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$634.75 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.26 on a per share basis this quarter. Perhaps, that suggests something about why 2.32% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how SPWR has been acting. Looking at the stock’s movement on the chart, SunPower Corporation recorded a 52-week high of $11.70. It is now trading 3.84% off that level. The stock is trading $8.50 its 50-day moving average by 0.64%. The stock carved out a 52-week low down at $6.46.

In recent action, SunPower Corporation (SPWR) has made a move of -11.29% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 45.55% with $34.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SPWR.

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