Wolfspeed Inc [WOLF] stock is trading at $27.85, up 6.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WOLF shares have gain 16.33% over the last week, with a monthly amount drifted -5.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wolfspeed Inc [NYSE: WOLF] stock has seen the most recent analyst activity on April 05, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $30. Previously, Wells Fargo downgraded its rating to Equal Weight on April 03, 2024, and dropped its price target to $30. On May 18, 2023, Jefferies initiated with a Hold rating and assigned a price target of $46 on the stock. Oppenheimer downgraded its rating to a Perform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $65 on April 17, 2023. Citigroup downgraded its rating to Neutral for this stock on April 03, 2023, and downed its price target to $66. In a note dated December 12, 2022, Susquehanna initiated an Neutral rating and provided a target price of $90 on this stock.
Wolfspeed Inc [WOLF] stock has fluctuated between $21.85 and $70.42 over the past year. Currently, Wall Street analysts expect the stock to reach $75.58 within the next 12 months. Wolfspeed Inc [NYSE: WOLF] shares were valued at $27.85 at the most recent close of the market. An investor can expect a potential return of 171.38% based on the average WOLF price forecast.
Analyzing the WOLF fundamentals
Wolfspeed Inc [NYSE:WOLF] reported sales of 870.30M for the trailing twelve months, which represents a drop of -3.56%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.5%, Pretax Profit Margin comes in at -0.53%, and Net Profit Margin reading is -0.87%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.53 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.77 points at the first support level, and at 25.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.43, and for the 2nd resistance point, it is at 29.00.
Wolfspeed Inc [WOLF] reported earnings per share of -$0.55 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.66/share, meaning a difference of $0.11 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.53 per share as compared to estimates of -$0.67 per share, a difference of $0.14 representing a surprise of 20.90%.
Ratios To Look Out For
For context, Wolfspeed Inc’s Current Ratio is 5.13. Also, the Quick Ratio is 4.54, while the Cash Ratio stands at 1.35. Considering the valuation of this stock, the price to sales ratio is 4.03, the price to book ratio is 3.05.
Transactions by insiders
Recent insider trading involved REPLOGLE JOHN B, Director, that happened on Feb 02 ’24 when 10000.0 shares were purchased. Director, JACKSON DARREN R completed a deal on Feb 02 ’24 to buy 10000.0 shares. Meanwhile, Director Smith Stacy J bought 9450.0 shares on Feb 02 ’24.
