The 36-month beta value for WOLF is also noteworthy at 1.57. 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 124.30M, and at present, short sellers hold a 17.23% of that float. The average trading volume of WOLF on August 05, 2024 was 3.63M shares.
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WOLF) stock’s latest price update
The stock of Wolfspeed Inc (NYSE: WOLF) has decreased by -7.06 when compared to last closing price of 16.43.Despite this, the company has seen a loss of -20.59% in its stock price over the last five trading days. globenewswire.com reported 2024-08-03 that NEW YORK, Aug. 03, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Wolfspeed, Inc. (“Wolfspeed” or the “Company”) (NYSE: WOLF). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
WOLF’s Market Performance
Wolfspeed Inc (WOLF) has experienced a -20.59% fall in stock performance for the past week, with a -35.41% drop in the past month, and a -35.19% drop in the past quarter. The volatility ratio for the week is 9.27%, and the volatility levels for the past 30 days are at 6.95% for WOLF. The simple moving average for the past 20 days is -29.43% for WOLF’s stock, with a -48.42% simple moving average for the past 200 days.
Analysts’ Opinion of WOLF
TD Cowen, on the other hand, stated in their research note that they expect to see WOLF reach a price target of $25, previously predicting the price at $40. The rating they have provided for WOLF stocks is “Hold” according to the report published on May 02nd, 2024.
Mizuho gave a rating of “Neutral” to WOLF, setting the target price at $30 in the report published on April 05th of the current year.
WOLF Trading at -36.80% 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 -75.30% of loss for the given period.
Volatility was left at 6.95%, however, over the last 30 days, the volatility rate increased by 9.27%, as shares sank -35.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.98% lower at present.
During the last 5 trading sessions, WOLF fell by -20.59%, which changed the moving average for the period of 200-days by -56.07% in comparison to the 20-day moving average, which settled at $21.21. In addition, Wolfspeed Inc saw -64.90% 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 Riley Marvin, who purchase 1,866 shares at the price of $27.05 back on May 28 ’24. After this action, Riley Marvin now owns 13,297 shares of Wolfspeed Inc, valued at $50,481 using the latest closing price.
REPLOGLE JOHN B, the Director of Wolfspeed Inc, purchase 10,000 shares at $26.04 during a trade that took place back on Feb 02 ’24, which means that REPLOGLE JOHN B is holding 96,788 shares at $260,358 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
- 0.17 for the gross margin
The net margin for Wolfspeed Inc stands at -0.96. The total capital return value is set at -0.06. Equity return is now at value -37.52, with -7.79 for asset returns.
Based on Wolfspeed Inc (WOLF), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 5.55. The interest coverage ratio of the stock is -2.43.
Currently, EBITDA for the company is -212.6 million with net debt to EBITDA at -17.29. When we switch over and look at the enterprise to sales, we see a ratio of 7.8. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.58.
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.
