Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Wolfspeed Inc (NYSE: WOLF) was $2.59 for the day, down -1.89% from the previous closing price of $2.64. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 18.02 million shares were traded. WOLF stock price reached its highest trading level at $2.89 during the session, while it also had its lowest trading level at $2.32.
Ratios:
Our analysis of WOLF’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.47 and its Current Ratio is at 3.15. In the meantime, Its Debt-to-Equity ratio is 17.65 whereas as Long-Term Debt/Eq ratio is at 17.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Mizuho on October 03, 2024, Downgraded its rating to Underperform and sets its target price to $8 from $17 previously.
On August 22, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $25 to $15.
Goldman reiterated its Buy rating for the stock on August 22, 2024, while the target price for the stock was revised from $48 to $28.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 22 ’24 when Dorchak Glenda bought 3,592 shares for $8.33 per share. The transaction valued at 29,921 led to the insider holds 18,688 shares of the business.
JACKSON DARREN R bought 36,975 shares of WOLF for $249,999 on Nov 20 ’24. The Director now owns 85,996 shares after completing the transaction at $6.76 per share. On Nov 20 ’24, another insider, WERNER THOMAS H, who serves as the Chairman of the Board of the company, bought 37,500 shares for $6.53 each. As a result, the insider paid 244,785 and bolstered with 108,549 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WOLF now has a Market Capitalization of 402928896 and an Enterprise Value of 5582107648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 7.188 whereas that against EBITDA is -24.165.
Stock Price History:
The Beta on a monthly basis for WOLF is 1.60, which has changed by -0.9103806 over the last 52 weeks, in comparison to a change of -0.028342128 over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $30.86, while it has fallen to a 52-week low of $2.41. The 50-Day Moving Average of the stock is -52.11%, while the 200-Day Moving Average is calculated to be -75.57%.
Shares Statistics:
WOLF traded an average of 23.66M shares per day over the past three months and 39730510 shares per day over the past ten days. A total of 155.57M shares are outstanding, with a floating share count of 154.06M. Insiders hold about 0.97% of the company’s shares, while institutions hold 91.54% stake in the company. Shares short for WOLF as of 1741910400 were 42920189 with a Short Ratio of 1.81, compared to 1739491200 on 44384851. Therefore, it implies a Short% of Shares Outstanding of 42920189 and a Short% of Float of 43.65.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
