Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Wolfspeed Inc (NYSE: WOLF) closed at $6.13 in the last session, up 0.66% from day before closing price of $6.09. In other words, the price has increased by $0.66 from its previous closing price. On the day, 27.48 million shares were traded. WOLF stock price reached its highest trading level at $6.7978 during the session, while it also had its lowest trading level at $6.04.
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 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.
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:
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 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 953650304 and an Enterprise Value of 5387979776. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 6.697 whereas that against EBITDA is -25.319.
Stock Price History:
The Beta on a monthly basis for WOLF is 1.42, which has changed by -0.7575158 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $34.63, while it has fallen to a 52-week low of $4.66. The 50-Day Moving Average of the stock is -17.47%, while the 200-Day Moving Average is calculated to be -59.77%.
Shares Statistics:
According to the various share statistics, WOLF traded on average about 15.02M shares per day over the past 3-months and 17483770 shares per day over the past 10 days. A total of 155.57M shares are outstanding, with a floating share count of 153.85M. Insiders hold about 1.11% of the company’s shares, while institutions hold 91.80% stake in the company. Shares short for WOLF as of 1736899200 were 41839187 with a Short Ratio of 2.79, compared to 1734048000 on 38083130. Therefore, it implies a Short% of Shares Outstanding of 41839187 and a Short% of Float of 42.580003.
