Post-Trade Analysis: Wolfspeed Inc (WOLF) Slides -0.72, Closing at 23.59

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After finishing at $23.76 in the prior trading day, Wolfspeed Inc (NYSE: WOLF) closed at $23.59, down -0.72%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 5.16 million shares were traded. WOLF stock price reached its highest trading level at $24.0 during the session, while it also had its lowest trading level at $23.29.

Ratios:

Our goal is to gain a better understanding of WOLF by taking a closer look at its different ratios. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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.

REPLOGLE JOHN B bought 10,000 shares of WOLF for $260,358 on Feb 02 ’24. The Director now owns 96,788 shares after completing the transaction at $26.04 per share. On Feb 02 ’24, another insider, JACKSON DARREN R, who serves as the Director of the company, bought 10,000 shares for $25.80 each. As a result, the insider paid 257,954 and bolstered with 49,021 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 2968919552 and an Enterprise Value of 6208115200. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.52 while its Price-to-Book (P/B) ratio in mrq is 2.90. Its current Enterprise Value per Revenue stands at 6.383 whereas that against EBITDA is -38.996.

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 -9.13%, while the 200-Day Moving Average is calculated to be -26.26%.

Shares Statistics:

The stock has traded on average 3.99M shares per day over the past 3-months and 3330030 shares per day over the last 10 days, according to various share statistics. A total of 124.79M shares are outstanding, with a floating share count of 123.78M. Insiders hold about 1.65% of the company’s shares, while institutions hold 115.46% stake in the company. Shares short for WOLF as of 1715731200 were 22741227 with a Short Ratio of 5.43, compared to 1713139200 on 20246028. Therefore, it implies a Short% of Shares Outstanding of 22741227 and a Short% of Float of 24.97.

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