Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for WOLF is 125.15M, and currently, short sellers hold a 31.16% ratio of that floaft. The average trading volume of WOLF on October 11, 2024 was 8.19M shares.
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WOLF) stock’s latest price update
Wolfspeed Inc (NYSE: WOLF)’s stock price has gone rise by 15.15 in comparison to its previous close of 9.50, however, the company has experienced a 15.39% increase in its stock price over the last five trading days. accesswire.com reported 2024-10-11 that NEW YORK, NY / ACCESSWIRE / October 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. (“Wolfspeed”) (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.
WOLF’s Market Performance
WOLF’s stock has risen by 15.39% in the past week, with a monthly rise of 35.89% and a quarterly drop of -55.21%. The volatility ratio for the week is 6.53% while the volatility levels for the last 30 days are 8.33% for Wolfspeed Inc The simple moving average for the past 20 days is 20.82% for WOLF’s stock, with a -52.77% simple moving average for the past 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 “Underperform.” The predicted price for WOLF in the upcoming period, according to Mizuho is $8 based on the research report published on October 03, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see WOLF reach a price target of $15, previously predicting the price at $25. The rating they have provided for WOLF stocks is “Hold” according to the report published on August 22nd, 2024.
Goldman gave a rating of “Buy” to WOLF, setting the target price at $28 in the report published on August 22nd of the current year.
WOLF Trading at 4.17% 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 -76.94% of loss for the given period.
Volatility was left at 8.33%, however, over the last 30 days, the volatility rate increased by 6.53%, as shares surge +23.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.66% lower at present.
During the last 5 trading sessions, WOLF rose by +13.24%, which changed the moving average for the period of 200-days by -77.08% in comparison to the 20-day moving average, which settled at $9.04. In addition, Wolfspeed Inc saw -74.86% 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:
- -0.53 for the present operating margin
- 0.1 for the gross margin
The net margin for Wolfspeed Inc stands at -1.08. The total capital return value is set at -0.06. Equity return is now at value -45.81, with -7.87 for asset returns.
Based on Wolfspeed Inc (WOLF), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 6.99. The interest coverage ratio of the stock is -1.73.
Currently, EBITDA for the company is -191.0 million with net debt to EBITDA at -18.92. When we switch over and look at the enterprise to sales, we see a ratio of 8.22. The receivables turnover for the company is 2.79for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.51.
Conclusion
In a nutshell, Wolfspeed Inc (WOLF) has experienced a mixed 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.
