The stock of Wolfspeed Inc (WOLF) has seen a -33.20% decrease in the past week, with a -58.67% drop in the past month, and a -46.99% decrease in the past quarter. The volatility ratio for the week is 11.49%, and the volatility levels for the past 30 days are at 10.83% for WOLF. The simple moving average for the past 20 days is -45.45% for WOLF’s stock, with a -66.76% simple moving average for the past 200 days.
Is It Worth Investing in Wolfspeed Inc (NYSE: WOLF) Right Now?
WOLF has 36-month beta value of 1.38. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The public float for WOLF is 126.64M, and currently, short sellers hold a 28.65% ratio of that float. The average trading volume of WOLF on November 18, 2024 was 12.40M shares.
WOLF) stock’s latest price update
Wolfspeed Inc (NYSE: WOLF) has experienced a decline in its stock price by -11.84 compared to its previous closing price of 7.60. However, the company has seen a fall of -33.20% in its stock price over the last five trading days. accesswire.com reported 2024-11-17 that NEW YORK, NY / ACCESSWIRE / November 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. (“Wolfspeed, Inc.”) (NYSE:WOLF) concerning possible violations of federal securities laws. On November 7, 2024, WOLF conducted an earnings call corresponding to its third quarter results revealing a slow-down in growth of its 200mm facility at Mohawk Valley, signaling a significant demand headwind as the facility purportedly continues to ramp production.
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 -38.04% 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 -85.87% of loss for the given period.
Volatility was left at 10.83%, however, over the last 30 days, the volatility rate increased by 11.49%, as shares sank -58.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.59% lower at present.
During the last 5 trading sessions, WOLF fell by -33.20%, which changed the moving average for the period of 200-days by -76.17% in comparison to the 20-day moving average, which settled at $12.28. In addition, Wolfspeed Inc saw -84.60% 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:
- -0.7 for the present operating margin
- 0.02 for the gross margin
The net margin for Wolfspeed Inc stands at -0.93. The total capital return value is set at -0.08. Equity return is now at value -78.12, with -9.65 for asset returns.
Based on Wolfspeed Inc (WOLF), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 9.83. The interest coverage ratio of the stock is -2.26.
Currently, EBITDA for the company is -145.2 million with net debt to EBITDA at -13.44. When we switch over and look at the enterprise to sales, we see a ratio of 7.84. The receivables turnover for the company is 4.5for 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 3.14.
Conclusion
To put it simply, Wolfspeed Inc (WOLF) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
