Wolfspeed Inc [WOLF] stock prices are up 2.78% to $26.24 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WOLF shares have gain 10.67% over the last week, with a monthly amount glided 18.30%, and 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.
The stock price of Wolfspeed Inc [WOLF] has been fluctuating 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 $26.24 at the most recent close of the market. An investor can expect a potential return of 178.2% based on the average WOLF price forecast.
Analyzing the WOLF fundamentals
The Wolfspeed Inc [NYSE:WOLF] reported sales of 842.30M for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.55.
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 25.59 points at the first support level, and at 24.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.68, and for the 2nd resistance point, it is at 27.13.
Ratios To Look Out For
It’s worth pointing out that Wolfspeed Inc [NYSE:WOLF]’s Current Ratio is 4.58. On the other hand, the Quick Ratio is 3.97, and the Cash Ratio is 1.57. Considering the valuation of this stock, the price to sales ratio is 3.92, the price to book ratio is 3.23.
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.
