Cree Inc. [NASDAQ: CREE] plunged by -$2.32 during the normal trading session on Thursday and reaching a high of $59.00 during the day while it closed the day at $57.88. Cree Inc. stock has also gained 0.87% of its value over the past 7 days. However, CREE stock has inclined by 98.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 32.45% and gained 25.42% year-on date.
The market cap for CREE stock reached $6.26 billion, with 108.12 million shares outstanding and 107.45 million shares in the current float. Compared to the average trading volume of 1.81M shares, CREE reached a trading volume of 2246797 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Cree Inc. [CREE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CREE shares is $50.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CREE stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Cree Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 10, 2020. The new note on the price target was released on May 26, 2020, representing the official price target for Cree Inc. stock. Previously, the target price had yet another raise from $40 to $60, while JP Morgan kept a Neutral rating on CREE stock. On April 01, 2020, analysts decreased their price target for CREE shares from 40 to 37.
The Average True Range (ATR) for Cree Inc. is set at 2.64, with the Price to Sales ratio for CREE stock in the period of the last 12 months amounting to 6.59. The Price to Book ratio for the last quarter was 3.23, with the Price to Cash per share for the same quarter was set at 7.89.
CREE stock trade performance evaluation
Cree Inc. [CREE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.87. With this latest performance, CREE shares gained by 29.49% in over the last four-week period, additionally plugging by 32.45% over the last 6 months – not to mention a rise of 1.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CREE stock in for the last two-week period is set at 62.59, with the RSI for the last a single of trading hit 60.09, and the three-weeks RSI is set at 62.04 for Cree Inc. [CREE]. The present Moving Average for the last 50 days of trading for this stock 45.15, while it was recorded at 59.97 for the last single week of trading, and 45.89 for the last 200 days.
Cree Inc. [CREE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cree Inc. [CREE] shares currently have an operating margin of +1.44 and a Gross Margin at +34.76. Cree Inc.’s Net Margin is presently recorded at -5.36.
Return on Total Capital for CREE is now 0.64, given the latest momentum, and Return on Invested Capital for the company is -2.38. Return on Equity for this stock declined to -2.82, with Return on Assets sitting at -2.12. When it comes to the capital structure of this company, Cree Inc. [CREE] has a Total Debt to Total Equity ratio set at 23.04. Additionally, CREE Total Debt to Total Capital is recorded at 18.72, with Total Debt to Total Assets ending up at 16.65. Long-Term Debt to Equity for the company is recorded at 23.04, with the Long-Term Debt to Total Capital now at 18.72.
Reflecting on the efficiency of the workforce at the company, Cree Inc. [CREE] managed to generate an average of -$10,886 per employee. Receivables Turnover for the company is 7.57 with a Total Asset Turnover recorded at a value of 0.40.Cree Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 4.90.
Earnings per share (EPS) analysis for Cree Inc. [CREE] stock
With the latest financial reports released by the company, Cree Inc. posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CREE.
Cree Inc. [CREE]: Insider Ownership positions
There are presently around $6,445 million, or 97.91% of CREE stock, in the hands of institutional investors. The top three institutional holders of CREE stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 13,238,126, which is approximately 21.334% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 11,541,332 shares of the stock with an approximate value of $694.79 million in CREE stocks shares; and VANGUARD GROUP INC, currently with $618.43 million in CREE stock with ownership of nearly 2.579% of the company’s market capitalization.
143 institutional holders increased their position in Cree Inc. [NASDAQ:CREE] by around 16,978,274 shares. Additionally, 169 investors decreased positions by around 14,181,086 shares, while 56 investors held positions by with 75,906,127 shares. The mentioned changes placed institutional holdings at 107,065,487 shares, according to the latest SEC report filing. CREE stock had 35 new institutional investments in for a total of 6,767,304 shares, while 73 institutional investors sold positions of 4,099,261 shares during the same period.