Wolfspeed Inc [WOLF] Revenue clocked in at $842.30 million, down -47.02% YTD: What’s Next?

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Wolfspeed Inc [NYSE: WOLF] closed the trading session at $23.05.

The stocks have a year to date performance of -47.02 percent and weekly performance of 2.26 percent. The stock has been moved at -43.53 percent over the last six months. The stock has performed -18.32 percent around the most recent 30 days and changed -14.12 percent over the most recent 3-months.

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If compared to the average trading volume of 3.92M shares, WOLF reached to a volume of 3681462 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 Wolfspeed Inc [WOLF]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WOLF shares is $31.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WOLF stock is a recommendation set at 2.50. 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.

William Blair have made an estimate for Wolfspeed Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $40 to $25. The new note on the price target was released on May 02, 2024, representing the official price target for Wolfspeed Inc stock. Previously, the target price had yet another raise to $30, while Mizuho analysts kept a Neutral rating on WOLF stock. On April 03, 2024, analysts decreased their price target for WOLF shares from 55 to 30.

The Average True Range (ATR) for Wolfspeed Inc is set at 1.36, with the Price to Sales ratio for WOLF stock in the period of the last 12 months amounting to 3.44. The Price to Book ratio for the last quarter was 2.84, with the Price to Cash per share for the same quarter was set at 20.27.

WOLF stock trade performance evaluation

Wolfspeed Inc [WOLF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.26. With this latest performance, WOLF shares dropped by -18.32% in over the last four-week period, additionally sinking by -43.53% over the last 6 months – not to mention a drop of -63.78% 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 41.88, with the RSI for the last a single of trading hit 40.26, and the three-weeks RSI is set at 43.49 for Wolfspeed Inc [WOLF]. The present Moving Average for the last 50 days of trading for this stock 25.55, while it was recorded at 23.75 for the last single week of trading, and 30.82 for the last 200 days.

Wolfspeed Inc [WOLF]: An insightful look at the core fundamentals

Wolfspeed Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.97 and a Current Ratio set at 4.58.

Wolfspeed Inc [WOLF]: Institutional Ownership

The top three institutional holders of WOLF stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in WOLF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in WOLF stock with ownership which is approximately 5.1238%.