Wolfspeed Inc. [WOLF] Is Currently 2.24 below its 200 Period Moving Avg: What Does This Mean?



Wolfspeed Inc. [NYSE: WOLF] gained 2.24% or 2.77 points to close at $126.65 with a heavy trading volume of 889780 shares. The company report on November 15, 2021 that Wolfspeed to Host Investor Day in New York City on Wednesday, November 17, 2021.

Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will host an Investor Day on Wednesday, Nov. 17, 2021 at the New York Stock Exchange in New York City.

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Wolfspeed CEO Gregg Lowe, CFO Neill Reynolds, and other members of the senior management team will provide an update on industry trends, new developments in the business and update the company’s long-term outlook.

It opened the trading session at $122.43, the shares rose to $127.22 and dropped to $120.45, the range by which the price of stock traded the whole day. The daily chart for WOLF points out that the company has recorded 26.31% gains over the past six months. However, it is still -68.73% lower than its most recent low trading price.

If we look at the average trading volume of 1.60M shares, WOLF reached to a volume of 889780 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Wolfspeed Inc. [WOLF]:

The Average True Range (ATR) for Wolfspeed Inc. is set at 7.49, with the Price to Sales ratio for WOLF stock in the period of the last 12 months amounting to 25.81. The Price to Book ratio for the last quarter was 7.20, with the Price to Cash per share for the same quarter was set at 7.43.

Trading performance analysis for WOLF stock

Wolfspeed Inc. [WOLF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.65. With this latest performance, WOLF shares gained by 35.72% in over the last four-week period, additionally plugging by 26.31% over the last 6 months – not to mention a rise of 41.11% 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 WOLF stock in for the last two-week period is set at 56.38, with the RSI for the last a single of trading hit 49.54, and the three-weeks RSI is set at 59.53 for Wolfspeed Inc. [WOLF]. The present Moving Average for the last 50 days of trading for this stock 104.14, while it was recorded at 126.98 for the last single week of trading, and 100.39 for the last 200 days.

Wolfspeed Inc. [WOLF]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Wolfspeed Inc. [WOLF] shares currently have an operating margin of -40.35 and a Gross Margin at +28.56. Wolfspeed Inc.’s Net Margin is presently recorded at -65.20.

Return on Total Capital for WOLF is now -7.23, given the latest momentum, and Return on Invested Capital for the company is -11.73. Return on Equity for this stock declined to -16.32, with Return on Assets sitting at -10.26. When it comes to the capital structure of this company, Wolfspeed Inc. [WOLF] has a Total Debt to Total Equity ratio set at 40.21. Additionally, WOLF Total Debt to Total Capital is recorded at 28.68, with Total Debt to Total Assets ending up at 24.69. Long-Term Debt to Equity for the company is recorded at 39.75, with the Long-Term Debt to Total Capital now at 28.35.

Reflecting on the efficiency of the workforce at the company, Wolfspeed Inc. [WOLF] managed to generate an average of -$98,875 per employee. Receivables Turnover for the company is 4.72 with a Total Asset Turnover recorded at a value of 0.16.Wolfspeed Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.90.

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An analysis of insider ownership at Wolfspeed Inc. [WOLF]

There are presently around $15,097 million, in the hands of institutional investors. The top three institutional holders of WOLF stocks are: BLACKROCK INC. with ownership of 16,462,084, which is approximately -0.727% of the company’s market cap and around 0.80% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 14,198,528 shares of the stock with an approximate value of $1.8 billion in WOLF stocks shares; and VANGUARD GROUP INC, currently with $1.38 billion in WOLF stock with ownership of nearly 0.051% of the company’s market capitalization.

Positions in Wolfspeed Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 172 institutional holders increased their position in Wolfspeed Inc. [NYSE:WOLF] by around 8,353,256 shares. Additionally, 213 investors decreased positions by around 13,154,986 shares, while 64 investors held positions by with 97,690,930 shares. The mentioned changes placed institutional holdings at 119,199,172 shares, according to the latest SEC report filing. WOLF stock had 44 new institutional investments in for a total of 1,460,067 shares, while 106 institutional investors sold positions of 5,642,529 shares during the same period.



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