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After finishing at $23.72 in the prior trading day, Wolfspeed Inc (NYSE: WOLF) closed at $22.18, down -6.49%. In other words, the price has decreased by -$6.49 from its previous closing price. On the day, 5.96 million shares were traded. WOLF stock price reached its highest trading level at $23.7099 during the session, while it also had its lowest trading level at $22.16.
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 4.54 and its Current Ratio is at 5.13. In the meantime, Its Debt-to-Equity ratio is 4.60 whereas as Long-Term Debt/Eq ratio is at 4.60.
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, Mizuho on April 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $30.
On April 03, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $55 to $30.
On May 18, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $46.Jefferies initiated its Hold rating on May 18, 2023, with a $46 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 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 2790266112 and an Enterprise Value of 5449162240. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.21 while its Price-to-Book (P/B) ratio in mrq is 2.43. Its current Enterprise Value per Revenue stands at 5.65 whereas that against EBITDA is -44.886.
Stock Price History:
The Beta on a monthly basis for WOLF is 1.70, which has changed by -0.6285379 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $70.42, while it has fallen to a 52-week low of $23.54. The 50-Day Moving Average of the stock is -17.96%, while the 200-Day Moving Average is calculated to be -42.70%.
Shares Statistics:
The stock has traded on average 4.67M shares per day over the past 3-months and 4167020 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 123.22M. Insiders hold about 2.05% of the company’s shares, while institutions hold 109.70% stake in the company. Shares short for WOLF as of 1711584000 were 20290846 with a Short Ratio of 4.34, compared to 1709164800 on 19716885. Therefore, it implies a Short% of Shares Outstanding of 20290846 and a Short% of Float of 22.29.
Earnings Estimates
Wolfspeed Inc (WOLF) is currently under the scrutiny of 16 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.64 for the current quarter, with a high estimate of -$0.59 and a low estimate of -$0.68, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.61, with high estimates of -$0.5 and low estimates of -$0.76.
Analysts are recommending an EPS of between -$2.2 and -$3.78 for the fiscal current year, implying an average EPS of -$2.43. EPS for the following year is -$1.79, with 17 analysts recommending between -$0.51 and -$2.83.
Revenue Estimates
A total of 17 analysts have provided revenue estimates for WOLF’s current fiscal year. The highest revenue estimate was $847.98M, while the lowest revenue estimate was $826.9M, resulting in an average revenue estimate of $833.2M. In the same quarter a year ago, actual revenue was $921.9M, down -9.60% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $1.18B in the next fiscal year. The high estimate is $1.4B and the low estimate is $1.1B. The average revenue growth estimate for next year is up 42.00% from the average revenue estimate for this year.
