Wolfspeed Inc [WOLF] stock is trading at $25.11, up 3.04%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WOLF shares have gain 6.58% over the last week, with a monthly amount drifted -8.36%, 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 May 02, 2024, when William Blair downgraded its rating to a Mkt Perform. Previously, TD Cowen downgraded its rating to Hold on May 02, 2024, and dropped its price target to $25. On April 05, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $30 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $30 on April 03, 2024. Jefferies initiated its recommendation with a Hold and recommended $46 as its price target on May 18, 2023. Oppenheimer downgraded its rating to Perform for this stock on April 27, 2023. In a note dated April 17, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $100 to $65.
Wolfspeed Inc [WOLF] stock has fluctuated between $20.63 and $70.42 over the past year. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. Wolfspeed Inc [NYSE: WOLF] shares were valued at $25.11 at the most recent close of the market. An investor can expect a potential return of 190.72% based on the average WOLF price forecast.
Analyzing the WOLF fundamentals
Wolfspeed Inc [NYSE:WOLF] reported sales of 842.30M for the trailing twelve months, which represents a drop of -12.24%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.5%, Pretax Profit Margin comes in at -0.61%, and Net Profit Margin reading is -0.96%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.64 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.55.
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 24.33 points at the first support level, and at 23.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.53, and for the 2nd resistance point, it is at 25.96.
Wolfspeed Inc [WOLF] reported earnings per share of -$0.62 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.64/share, meaning a difference of $0.02 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were -$0.55 per share as compared to estimates of -$0.66 per share, a difference of $0.11 representing a surprise of 16.70%.
Ratios To Look Out For
For context, Wolfspeed Inc’s Current Ratio is 4.58. In addition, the Quick Ratio stands at 3.97 and the Cash Ratio stands at 1.57. Considering the valuation of this stock, the price to sales ratio is 3.75, the price to book ratio is 3.09.
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.
