Financial Metrics Unveiled: Wolfspeed Inc (WOLF)’s Key Ratios in the Spotlight

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The price of Wolfspeed Inc (NYSE: WOLF) closed at $23.71 in the last session, down -1.70% from day before closing price of $24.12. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 4.31 million shares were traded. WOLF stock price reached its highest trading level at $25.22 during the session, while it also had its lowest trading level at $23.71.

Ratios:

We take a closer look at WOLF’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.97 and its Current Ratio is at 4.58. In the meantime, Its Debt-to-Equity ratio is 5.66 whereas as Long-Term Debt/Eq ratio is at 5.66.

On May 02, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $40 to $25.

On April 05, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $30.Mizuho initiated its Neutral rating on April 05, 2024, with a $30 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 02 ’24 when REPLOGLE JOHN B bought 10,000 shares for $26.04 per share. The transaction valued at 260,358 led to the insider holds 96,788 shares of the business.

JACKSON DARREN R bought 10,000 shares of WOLF for $257,954 on Feb 02 ’24. The Director now owns 49,021 shares after completing the transaction at $25.80 per share. On Feb 02 ’24, another insider, Smith Stacy J, who serves as the Director of the company, bought 9,450 shares for $26.35 each. As a result, the insider paid 249,018 and bolstered with 17,464 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 2984022016 and an Enterprise Value of 6223217664. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.54 while its Price-to-Book (P/B) ratio in mrq is 2.92. Its current Enterprise Value per Revenue stands at 6.399 whereas that against EBITDA is -39.091.

Stock Price History:

The Beta on a monthly basis for WOLF is 1.60, which has changed by -0.40754622 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $70.42, while it has fallen to a 52-week low of $20.63. The 50-Day Moving Average of the stock is -10.32%, while the 200-Day Moving Average is calculated to be -33.31%.

Shares Statistics:

According to the various share statistics, WOLF traded on average about 4.58M shares per day over the past 3-months and 5269110 shares per day over the past 10 days. A total of 124.79M shares are outstanding, with a floating share count of 123.27M. Insiders hold about 2.05% of the company’s shares, while institutions hold 108.79% stake in the company. Shares short for WOLF as of 1714435200 were 24057300 with a Short Ratio of 5.25, compared to 1711584000 on 20290846. Therefore, it implies a Short% of Shares Outstanding of 24057300 and a Short% of Float of 26.41.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 15.0 analysts currently analyzing and rating the stock of Wolfspeed Inc (WOLF).On average, analysts expect EPS of -$0.78 for the current quarter, with a high estimate of -$0.66 and a low estimate of -$0.85, while EPS last year was -$0.42. The consensus estimate for the next quarter is -$0.73, with high estimates of -$0.47 and low estimates of -$0.91.

Analysts are recommending an EPS of between -$2.37 and -$3.06 for the fiscal current year, implying an average EPS of -$2.52. EPS for the following year is -$2.46, with 15.0 analysts recommending between -$1.31 and -$3.38.

Revenue Estimates

According to 15 analysts, the current quarter’s revenue is expected to be $201.11M. It ranges from a high estimate of $207.53M to a low estimate of $199.7M. As of the current estimate, Wolfspeed Inc’s year-ago sales were $235.8MFor the next quarter, 15 analysts are estimating revenue of $224.49M. There is a high estimate of $241.98M for the next quarter, whereas the lowest estimate is $210M.

A total of 16 analysts have provided revenue estimates for WOLF’s current fiscal year. The highest revenue estimate was $838.16M, while the lowest revenue estimate was $806.2M, resulting in an average revenue estimate of $809.61M. In the same quarter a year ago, actual revenue was $921.9MBased on 16 analysts’ estimates, the company’s revenue will be $1.06B in the next fiscal year. The high estimate is $1.2B and the low estimate is $955.1M.

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