Wolfspeed Inc (NYSE: WOLF) has seen a rise in its stock price by 18.09 in relation to its previous close of 6.44. However, the company has experienced a 13.51% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-22 that Why Is Everyone Talking About Wolfspeed Stock?
Is It Worth Investing in Wolfspeed Inc (NYSE: WOLF) Right Now?
Additionally, the 36-month beta value for WOLF is 1.37. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 22, 2024 was 12.72M shares.
WOLF’s Market Performance
The stock of Wolfspeed Inc (WOLF) has seen a 13.51% increase in the past week, with a -49.30% drop in the past month, and a -42.99% fall in the past quarter. The volatility ratio for the week is 10.77%, and the volatility levels for the past 30 days are at 11.00% for WOLF. The simple moving average for the last 20 days is -25.48% for WOLF stock, with a simple moving average of -61.32% 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 “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 -28.86% 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 -83.97% of loss for the given period.
Volatility was left at 11.00%, however, over the last 30 days, the volatility rate increased by 10.77%, as shares sank -48.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.07% lower at present.
During the last 5 trading sessions, WOLF rose by +13.13%, which changed the moving average for the period of 200-days by -73.29% in comparison to the 20-day moving average, which settled at $10.20. In addition, Wolfspeed Inc saw -82.52% 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 JACKSON DARREN R, who purchase 36,975 shares at the price of $6.76 back on Nov 20 ’24. After this action, JACKSON DARREN R now owns 85,996 shares of Wolfspeed Inc, valued at $249,999 using the latest closing price.
WERNER THOMAS H, the Chairman of the Board of Wolfspeed Inc, purchase 37,500 shares at $6.53 during a trade that took place back on Nov 20 ’24, which means that WERNER THOMAS H is holding 108,549 shares at $244,785 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 8.04. 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
In conclusion, Wolfspeed Inc (WOLF) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
