As of close of business last night, Wolfspeed Inc’s stock clocked out at $26.93, down -1.93% from its previous closing price of $27.46. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 2466451 shares were traded.
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Ratios:
To gain a deeper understanding of WOLF’s stock, we examine 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 3.39B and an Enterprise Value of 5.93B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 6.15 whereas that against EBITDA is -39.24.
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 $23.54. The 50-Day Moving Average of the stock is 28.62, while the 200-Day Moving Average is calculated to be 40.86.
Shares Statistics:
It appears that WOLF traded 4.73M shares on average per day over the past three months and 4.16M shares per day over the past ten days. 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 109.87% stake in the company. Shares short for WOLF as of Feb 29, 2024 were 19.72M with a Short Ratio of 4.17, compared to 18.98M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.67% and a Short% of Float of 21.66%.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. 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.
