Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Wolfspeed Inc (NYSE: WOLF) was $12.18 for the day, down -7.94% from the previous closing price of $13.23. In other words, the price has decreased by -$7.94 from its previous closing price. On the day, 8.37 million shares were traded. WOLF stock price reached its highest trading level at $12.88 during the session, while it also had its lowest trading level at $11.9115.
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 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.
TD Cowen Downgraded its Buy to Hold on May 02, 2024, whereas the target price for the stock was revised from $40 to $25.
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 May 28 ’24 when Riley Marvin bought 1,866 shares for $27.05 per share. The transaction valued at 50,481 led to the insider holds 13,297 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, REPLOGLE JOHN B, who serves as the Director of the company, bought 10,000 shares for $26.04 each. As a result, the insider paid 260,358 and bolstered with 96,788 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 1532913920 and an Enterprise Value of 4772111872. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 4.907 whereas that against EBITDA is -29.976.
Stock Price History:
Over the past 52 weeks, WOLF has reached a high of $54.83, while it has fallen to a 52-week low of $11.53. The 50-Day Moving Average of the stock is -43.50%, while the 200-Day Moving Average is calculated to be -57.49%.
Shares Statistics:
WOLF traded an average of 4.04M shares per day over the past three months and 7786880 shares per day over the past ten days. A total of 124.79M shares are outstanding, with a floating share count of 124.02M. Insiders hold about 1.37% of the company’s shares, while institutions hold 113.63% stake in the company. Shares short for WOLF as of 1722384000 were 24138528 with a Short Ratio of 5.98, compared to 1719532800 on 21098977. Therefore, it implies a Short% of Shares Outstanding of 24138528 and a Short% of Float of 26.5.
