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After finishing at $5.38 in the prior trading day, Wolfspeed Inc (NYSE: WOLF) closed at $2.59, down -51.86%. In other words, the price has decreased by -$51.86 from its previous closing price. On the day, 175.81 million shares were traded. WOLF stock price reached its highest trading level at $3.52 during the session, while it also had its lowest trading level at $2.54.
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 2.47 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.
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 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 402928896 and an Enterprise Value of 5574329344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 7.178 whereas that against EBITDA is -24.131.
Stock Price History:
The Beta on a monthly basis for WOLF is 1.50, which has changed by -0.91337794 over the last 52 weeks, in comparison to a change of 0.06429911 over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $30.86, while it has fallen to a 52-week low of $4.66. The 50-Day Moving Average of the stock is -55.66%, while the 200-Day Moving Average is calculated to be -77.18%.
Shares Statistics:
The stock has traded on average 19.89M shares per day over the past 3-months and 33273860 shares per day over the last 10 days, according to various share statistics. A total of 155.57M shares are outstanding, with a floating share count of 154.08M. Insiders hold about 0.96% of the company’s shares, while institutions hold 91.36% stake in the company. Shares short for WOLF as of 1741910400 were 42920189 with a Short Ratio of 2.16, compared to 1739491200 on 44384851. Therefore, it implies a Short% of Shares Outstanding of 42920189 and a Short% of Float of 43.65.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Wolfspeed Inc (WOLF) is presently subject to a detailed evaluation by 14.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.76, with high estimates of -$0.51 and low estimates of -$1.1.
Analysts are recommending an EPS of between -$3.07 and -$4.02 for the fiscal current year, implying an average EPS of -$3.44. EPS for the following year is -$2.29, with 14.0 analysts recommending between -$1.51 and -$3.56.
Revenue Estimates
13 analysts predict $185.66M in revenue for the current quarter. It ranges from a high estimate of $190M to a low estimate of $184M. As of the current estimate, Wolfspeed Inc’s year-ago sales were $200.7MFor the next quarter, 13 analysts are estimating revenue of $194.89M. There is a high estimate of $207.32M for the next quarter, whereas the lowest estimate is $189M.
A total of 14 analysts have provided revenue estimates for WOLF’s current fiscal year. The highest revenue estimate was $771.21M, while the lowest revenue estimate was $748.59M, resulting in an average revenue estimate of $756.78M. In the same quarter a year ago, actual revenue was $807.2MBased on 15 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $1.67B and the low estimate is $812.11M.
