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After finishing at $7.60 in the prior trading day, Wolfspeed Inc (NYSE: WOLF) closed at $6.70, down -11.84%. In other words, the price has decreased by -$11.84 from its previous closing price. On the day, 14.69 million shares were traded. WOLF stock price reached its highest trading level at $7.5393 during the session, while it also had its lowest trading level at $6.695.
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 2.54 and its Current Ratio is at 3.14. In the meantime, Its Debt-to-Equity ratio is 10.03 whereas as Long-Term Debt/Eq ratio is at 10.02.
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 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:
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.
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 855677056 and an Enterprise Value of 5477379072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 6.808 whereas that against EBITDA is -25.74.
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 -38.04%, while the 200-Day Moving Average is calculated to be -66.76%.
Shares Statistics:
The stock has traded on average 12.40M shares per day over the past 3-months and 15547860 shares per day over the last 10 days, according to various share statistics. A total of 127.71M shares are outstanding, with a floating share count of 126.64M. Insiders hold about 0.84% of the company’s shares, while institutions hold 125.66% stake in the company. Shares short for WOLF as of 1730332800 were 36279911 with a Short Ratio of 2.93, compared to 1727654400 on 38995386. Therefore, it implies a Short% of Shares Outstanding of 36279911 and a Short% of Float of 52.09.
