In the past week, WOLF stock has gone down by -3.78%, with a monthly decline of -7.53% and a quarterly plunge of -23.16%. The volatility ratio for the week is 4.52%, and the volatility levels for the last 30 days are 4.66% for Wolfspeed Inc. The simple moving average for the last 20 days is -9.34% for WOLF stock, with a simple moving average of -34.28% for the last 200 days.
Is It Worth Investing in Wolfspeed Inc. (NYSE: WOLF) Right Now?
Moreover, the 36-month beta value for WOLF is 1.57. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The average price recommended by analysts for Wolfspeed Inc. (WOLF) is $58.24, which is $18.81 above the current market price. The public float for WOLF is 124.19M and currently, short sellers hold a 14.05% of that float. On September 19, 2023, WOLF’s average trading volume was 2.86M shares.
WOLF) stock’s latest price update
The stock price of Wolfspeed Inc. (NYSE: WOLF) has plunged by -6.62 when compared to previous closing price of 43.67, but the company has seen a -3.78% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-13 that While some market concepts may require extensive explanation, the directive behind sleeper stocks to buy is alarmingly simple: investors targeting publicly traded securities that don’t garner as much attention as their peers. By picking up under-appreciated ideas before the spotlight shines on them, you could score yourself a great deal.
Analysts’ Opinion of WOLF
Many brokerage firms have already submitted their reports for WOLF stocks, with Jefferies repeating the rating for WOLF by listing it as a “Hold.” The predicted price for WOLF in the upcoming period, according to Jefferies is $46 based on the research report published on May 18, 2023 of the current year 2023.
WOLF Trading at -25.33% from the 50-Day Moving Average
After a stumble in the market that brought WOLF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.50% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares sank -4.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.92% lower at present.
During the last 5 trading sessions, WOLF fell by -3.78%, which changed the moving average for the period of 200-days by -50.97% in comparison to the 20-day moving average, which settled at $44.89. In addition, Wolfspeed Inc. saw -40.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WOLF starting from LE DUY LOAN T, who purchase 5,000 shares at the price of $47.01 back on Aug 23. After this action, LE DUY LOAN T now owns 10,000 shares of Wolfspeed Inc., valued at $235,068 using the latest closing price.
REPLOGLE JOHN B, the Director of Wolfspeed Inc., purchase 10,566 shares at $47.54 during a trade that took place back on Apr 28, which means that REPLOGLE JOHN B is holding 81,405 shares at $502,308 based on the most recent closing price.
Stock Fundamentals for WOLF
Current profitability levels for the company are sitting at:
- -21.21 for the present operating margin
- +29.14 for the gross margin
The net margin for Wolfspeed Inc. stands at -35.78. Equity return is now at value -18.30, with -6.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.74.
Conclusion
To wrap up, the performance of Wolfspeed Inc. (WOLF) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
