CSLM Acquisition (NASDAQ:SPWR) Shares Down 0.2% – Time to Sell?

Shares of CSLM Acquisition Corp. (NASDAQ:SPWR) traded down 0.2% during trading on Wednesday . The company traded as low as $0.6263 and last traded at $0.6299. Approximately 1,261,920 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 3,526,798 shares. The stock had previously closed at $0.6313.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded CSLM Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, CSLM Acquisition has an average rating of “Hold” and an average target price of $5.40.

CSLM Acquisition Trading Down 0.1%

The firm has a market capitalization of $88.66 million, a price-to-earnings ratio of -1.29 and a beta of 0.65. The stock’s 50-day moving average is $0.84 and its 200-day moving average is $1.20.

CSLM Acquisition (NASDAQ:SPWR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.14) earnings per share for the quarter.

CSLM Acquisition Company Profile

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.