Wolfspeed Inc [WOLF] stock prices are up 4.19% to $13.17 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 4.52% over the last week, with a monthly amount drifted -39.34%, 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 August 07, 2024, when New Street downgraded its rating to a Neutral but kept the price target unchanged to $18 for it. Previously, William Blair downgraded its rating to Mkt Perform on May 02, 2024. On May 02, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $25 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $30 on April 05, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $30 on April 03, 2024. Jefferies started tracking with a Hold rating for this stock on May 18, 2023, and assigned it a price target of $46. In a note dated April 27, 2023, Oppenheimer downgraded an Perform rating on this stock.
The stock price of Wolfspeed Inc [WOLF] has been fluctuating between $11.53 and $49.32 over the past year. Currently, Wall Street analysts expect the stock to reach $72.69 within the next 12 months. Wolfspeed Inc [NYSE: WOLF] shares were valued at $13.17 at the most recent close of the market. An investor can expect a potential return of 451.94% 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. 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 12.78 points at the first support level, and at 12.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.40, and for the 2nd resistance point, it is at 13.62.
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 1.97, the price to book ratio is 1.62.
Transactions by insiders
Recent insider trading involved Riley Marvin, Director, that happened on May 28 ’24 when 1866.0 shares were purchased. Director, JACKSON DARREN R completed a deal on Feb 02 ’24 to buy 10000.0 shares. Meanwhile, Director REPLOGLE JOHN B bought 10000.0 shares on Feb 02 ’24.
