Wolfspeed Inc (NYSE: WOLF)’s stock price has decreased by -2.67 compared to its previous closing price of 26.25. However, the company has seen a -4.81% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-10 that Swing traders looking to grab a quick profit should turn their eyes toward semiconductor specialist Wolfspeed (NYSE: WOLF ). Offering silicon carbide and other critical materials necessary to produce components for the radio frequency and power industries, WOLF stock essentially represents a stagehand investment: It’s not the headline act, but it keeps the show running.
Is It Worth Investing in Wolfspeed Inc (NYSE: WOLF) Right Now?
The 36-month beta value for WOLF is also noteworthy at 1.65. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WOLF is 123.22M, and at present, short sellers hold a 16.47% of that float. The average trading volume of WOLF on April 16, 2024 was 4.68M shares.
WOLF’s Market Performance
WOLF’s stock has seen a -4.81% decrease for the week, with a -1.84% drop in the past month and a -24.54% fall in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 5.31% for Wolfspeed Inc The simple moving average for the last 20 days is -6.45% for WOLF stock, with a simple moving average of -35.01% for the last 200 days.
Analysts’ Opinion of WOLF
Many brokerage firms have already submitted their reports for WOLF stocks, with Mizuho repeating the rating for WOLF by listing it as a “Neutral.” The predicted price for WOLF in the upcoming period, according to Mizuho is $30 based on the research report published on April 05, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see WOLF reach a price target of $30, previously predicting the price at $55. The rating they have provided for WOLF stocks is “Equal Weight” according to the report published on April 03rd, 2024.
Jefferies gave a rating of “Hold” to WOLF, setting the target price at $46 in the report published on May 18th of the previous year.
WOLF Trading at -5.96% 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 -63.72% of loss for the given period.
Volatility was left at 5.31%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares sank -2.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.14% lower at present.
During the last 5 trading sessions, WOLF fell by -4.81%, which changed the moving average for the period of 200-days by -52.89% in comparison to the 20-day moving average, which settled at $27.29. In addition, Wolfspeed Inc saw -41.28% 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 REPLOGLE JOHN B, who purchase 10,000 shares at the price of $26.04 back on Feb 02 ’24. After this action, REPLOGLE JOHN B now owns 96,788 shares of Wolfspeed Inc, valued at $260,358 using the latest closing price.
JACKSON DARREN R, the Director of Wolfspeed Inc, purchase 10,000 shares at $25.80 during a trade that took place back on Feb 02 ’24, which means that JACKSON DARREN R is holding 49,021 shares at $257,954 based on the most recent closing price.
Stock Fundamentals for WOLF
Current profitability levels for the company are sitting at:
- -0.5 for the present operating margin
- 0.21 for the gross margin
The net margin for Wolfspeed Inc stands at -0.87. The total capital return value is set at -0.07. Equity return is now at value -31.57, with -7.32 for asset returns.
Based on Wolfspeed Inc (WOLF), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 4.5. The interest coverage ratio of the stock is -3.82.
Currently, EBITDA for the company is -212.6 million with net debt to EBITDA at -14.88. When we switch over and look at the enterprise to sales, we see a ratio of 8.6. The receivables turnover for the company is 2.86for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.13.
Conclusion
In summary, Wolfspeed Inc (WOLF) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
