Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Wolfspeed Inc (NYSE: WOLF) closed at $25.33 in the last session, up 7.51% from day before closing price of $23.56. In other words, the price has increased by $7.51 from its previous closing price. On the day, 5.92 million shares were traded. WOLF stock price reached its highest trading level at $25.68 during the session, while it also had its lowest trading level at $24.2175.
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 3187907072 and an Enterprise Value of 6427102720. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.78 while its Price-to-Book (P/B) ratio in mrq is 3.12. Its current Enterprise Value per Revenue stands at 6.608 whereas that against EBITDA is -40.371.
Stock Price History:
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 -4.41%, while the 200-Day Moving Average is calculated to be -31.02%.
Shares Statistics:
According to the various share statistics, WOLF traded on average about 4.76M shares per day over the past 3-months and 7255650 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 109.66% stake in the company. Shares short for WOLF as of 1713139200 were 20246028 with a Short Ratio of 4.26, compared to 1710460800 on 19639645. Therefore, it implies a Short% of Shares Outstanding of 20246028 and a Short% of Float of 22.24.
