In the latest session, Wolfspeed Inc (NYSE: WOLF) closed at $25.57 up 7.57% from its previous closing price of $23.77. In other words, the price has increased by $+1.80 from its previous closing price. On the day, 5183167 shares were traded.
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Ratios:
For a deeper understanding of Wolfspeed Inc’s stock, let’s take a closer look at its various 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, Jefferies on May 18, 2023, initiated with a Hold rating and assigned the stock a target price of $46.
JP Morgan Downgraded its Overweight to Neutral on April 17, 2023, whereas the target price for the stock was revised from $100 to $65.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 02 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. The Director now owns 49,021 shares after completing the transaction at $25.80 per share. On Feb 02, 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 3.22B and an Enterprise Value of 5.76B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 5.97 whereas that against EBITDA is -38.11.
Stock Price History:
The Beta on a monthly basis for WOLF is 1.64, which has changed by -67.87% over the last 52 weeks, in comparison to a change of 28.18% over the same period for the S&P500. Over the past 52 weeks, WOLF has reached a high of $77.72, while it has fallen to a 52-week low of $23.70. The 50-Day Moving Average of the stock is 35.10, while the 200-Day Moving Average is calculated to be 42.97.
Shares Statistics:
For the past three months, WOLF has traded an average of 4.49M shares per day and 4.42M over the past ten days. A total of 124.79M shares are outstanding, with a floating share count of 123.21M. Insiders hold about 2.06% of the company’s shares, while institutions hold 109.79% stake in the company. Shares short for WOLF as of Jan 31, 2024 were 18.98M with a Short Ratio of 4.23, compared to 15.65M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 15.09% and a Short% of Float of 20.85%.
Earnings Estimates
There are 15 different market analysts currently analyzing 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 -$0.6, 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 -$2.44. EPS for the following year is -$1.83, with 15 analysts recommending between -$0.51 and -$2.83.
Revenue Estimates
A total of 16 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 $833.29M. In the same quarter a year ago, actual revenue was $921.9M, down -9.60% from the average estimate. Based on 15 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 42.10% from the average revenue estimate for this year.
