Wolfspeed Inc [WOLF] stock prices are down -4.72% to $9.70 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WOLF shares have gain 19.31% over the last week, with a monthly amount drifted -8.75%, 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 22, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $15 from $25. Previously, Goldman reaffirmed its Buy rating on August 22, 2024, and dropped its price target to $28. On August 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $18 on the stock. William Blair downgraded its rating to a Mkt Perform. TD Cowen downgraded its rating to a Hold and reduced its price target to $25 on May 02, 2024. Mizuho started tracking with a Neutral rating for this stock on April 05, 2024, and assigned it a price target of $30. In a note dated April 03, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $55 to $30.
The stock price of Wolfspeed Inc [WOLF] has been fluctuating between $7.28 and $47.43 over the past year. Currently, Wall Street analysts expect the stock to reach $60.85 within the next 12 months. Wolfspeed Inc [NYSE: WOLF] shares were valued at $9.70 at the most recent close of the market. An investor can expect a potential return of 527.32% based on the average WOLF price forecast.
Analyzing the WOLF fundamentals
The Wolfspeed Inc [NYSE:WOLF] reported sales of 807.20M for trailing twelve months, representing a drop of -14.89%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.53%, Pretax Profit Margin comes in at -0.71%, and Net Profit Margin reading is -1.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.81 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.99.
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 9.36 points at the first support level, and at 9.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.12, and for the 2nd resistance point, it is at 10.54.
Ratios To Look Out For
It’s worth pointing out that Wolfspeed Inc [NYSE:WOLF]’s Current Ratio is 4.51. Further, the Quick Ratio stands at 3.82, while the Cash Ratio is 1.57. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 1.39.
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.
