Wolfspeed Inc (NYSE: WOLF) closed the day trading at $25.55 down -2.67% from the previous closing price of $26.25. On the day, 3623172 shares were traded. WOLF stock price reached its highest trading level at $26.80 during the session, while it also had its lowest trading level at $25.17.
Ratios:
For a better understanding of WOLF, let’s 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 2.79.
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.
Shares 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 109.63% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Wolfspeed, Inc. analysts. The consensus estimate for the next quarter is $1.94, with high estimates of $60.85 and low estimates of $1.65.
Analysts are recommending an EPS of between $Consumer Cyclical and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Financial Services.
