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The price of Wolfspeed Inc (NYSE: WOLF) closed at $8.89 in the last session, down -8.35% from day before closing price of $9.70. In other words, the price has decreased by -$8.35 from its previous closing price. On the day, 9.99 million shares were traded. WOLF stock price reached its highest trading level at $9.748 during the session, while it also had its lowest trading level at $8.71.
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 3.82 and its Current Ratio is at 4.51. In the meantime, Its Debt-to-Equity ratio is 7.13 whereas as Long-Term Debt/Eq ratio is at 7.12.
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 this company, TD Cowen on August 22, 2024, Reiterated its Hold rating but revised its target price to $15 from $25 previously.
On August 22, 2024, Goldman reiterated its Buy rating and also upped its target price recommendation from $48 to $28.
New Street Downgraded its Buy to Neutral on August 07, 2024, while the target price for the stock was maintained at $18.
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 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 1127865472 and an Enterprise Value of 5244668928. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 6.497 whereas that against EBITDA is -27.302.
Stock Price History:
Over the past 52 weeks, WOLF has reached a high of $47.43, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is -27.20%, while the 200-Day Moving Average is calculated to be -64.01%.
Shares Statistics:
According to the various share statistics, WOLF traded on average about 7.77M shares per day over the past 3-months and 11483180 shares per day over the past 10 days. A total of 126.41M shares are outstanding, with a floating share count of 125.15M. Insiders hold about 1.36% of the company’s shares, while institutions hold 111.76% stake in the company. Shares short for WOLF as of 1726185600 were 35153533 with a Short Ratio of 4.52, compared to 1723680000 on 27206093. Therefore, it implies a Short% of Shares Outstanding of 35153533 and a Short% of Float of 38.169998.
