The stock of Wolfspeed Inc (NYSE: WOLF) has decreased by -8.05 when compared to last closing price of 13.23. Despite this, the company has experienced a -3.83% fall in its stock price over the last five trading sessions. accesswire.com reported 2024-08-16 that LOS ANGELES, CA / ACCESSWIRE / August 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in Wolfspeed Inc (NYSE: WOLF) Right Now?
Company’s 36-month beta value is 1.57.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WOLF is 124.14M, and currently, short sellers hold a 19.44% ratio of that floaft. The average trading volume of WOLF on August 16, 2024 was 4.04M shares.
WOLF’s Market Performance
The stock of Wolfspeed Inc (WOLF) has seen a -3.83% decrease in the past week, with a -46.15% drop in the past month, and a -51.69% fall in the past quarter. The volatility ratio for the week is 9.95%, and the volatility levels for the past 30 days are at 9.72% for WOLF. The simple moving average for the last 20 days is -25.34% for WOLF stock, with a simple moving average of -57.55% for the last 200 days.
Analysts’ Opinion of WOLF
Many brokerage firms have already submitted their reports for WOLF stocks, with New Street repeating the rating for WOLF by listing it as a “Neutral.” The predicted price for WOLF in the upcoming period, according to New Street is $18 based on the research report published on August 07, 2024 of the current year 2024.
TD Cowen gave a rating of “Hold” to WOLF, setting the target price at $25 in the report published on May 02nd of the current year.
WOLF Trading at -43.57% 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 -77.81% of loss for the given period.
Volatility was left at 9.72%, however, over the last 30 days, the volatility rate increased by 9.95%, as shares sank -41.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.01% lower at present.
During the last 5 trading sessions, WOLF fell by -2.37%, which changed the moving average for the period of 200-days by -55.45% in comparison to the 20-day moving average, which settled at $15.86. In addition, Wolfspeed Inc saw -72.04% 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.
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
- 0.17 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 7.33. 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 a nutshell, Wolfspeed Inc (WOLF) has experienced a bad performance in recent times. The stock has received mixed “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.
