A share price of Wolfspeed Inc [WOLF] is currently trading at $8.44, up 31.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WOLF shares have gain 25.97% over the last week, with a monthly amount drifted -43.73%, 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 October 03, 2024, when Mizuho downgraded its rating to a Underperform and also revised its price target to $8 from $17. Previously, TD Cowen reaffirmed its Hold rating on August 22, 2024, and dropped its price target to $15. On August 22, 2024, Goldman reiterated its Buy rating and revised its price target to $28 on the stock. New Street downgraded its rating to a Neutral but stick to its price target of $18 on August 07, 2024. William Blair downgraded its rating to a Mkt Perform. TD Cowen downgraded its rating to Hold for this stock on May 02, 2024, and downed its price target to $25. In a note dated April 05, 2024, Mizuho initiated an Neutral rating and provided a target price of $30 on this stock.
Wolfspeed Inc experienced fluctuations in its stock price throughout the past year between $6.10 and $47.43. Currently, Wall Street analysts expect the stock to reach $56.29 within the next 12 months. Wolfspeed Inc [NYSE: WOLF] shares were valued at $8.44 at the most recent close of the market. An investor can expect a potential return of 566.94% based on the average WOLF price forecast.
Analyzing the WOLF fundamentals
Trailing Twelve Months sales for Wolfspeed Inc [NYSE:WOLF] were 804.50M which represents -1.37% decline. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.7%, Pretax Profit Margin comes in at -0.91%, and Net Profit Margin reading is -0.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.82 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.83.
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 7.27 points at the first support level, and at 6.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.17, and for the 2nd resistance point, it is at 9.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wolfspeed Inc [NYSE:WOLF] is 3.14. As well, the Quick Ratio is 2.54, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 1.70.
Transactions by insiders
Recent insider trading involved JACKSON DARREN R, Director, that happened on Nov 20 ’24 when 36975.0 shares were purchased. Chairman of the Board, WERNER THOMAS H completed a deal on Nov 20 ’24 to buy 37500.0 shares. Meanwhile, Director Smith Stacy J bought 30376.0 shares on Nov 20 ’24.
