Wolfspeed Inc [NYSE: WOLF] closed the trading session at $9.61.
The stocks have a year to date performance of -77.91 percent and weekly performance of -0.93 percent. The stock has been moved at -64.20 percent over the last six months. The stock has performed 16.77 percent around the most recent 30 days and changed -58.31 percent over the most recent 3-months.
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If compared to the average trading volume of 8.03M shares, WOLF reached to a volume of 5926909 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 $17.25 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 2.70. 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.
Mizuho have made an estimate for Wolfspeed Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $25 to $15. The new note on the price target was released on August 22, 2024, representing the official price target for Wolfspeed Inc stock. Previously, the target price had yet another drop from $48 to $28, while Goldman kept a Buy rating on WOLF stock.
The Average True Range (ATR) for Wolfspeed Inc is set at 0.89, with the Price to Sales ratio for WOLF stock in the period of the last 12 months amounting to 1.51. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 17.14.
WOLF stock trade performance evaluation
Wolfspeed Inc [WOLF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, WOLF shares gained by 16.77% in over the last four-week period, additionally sinking by -64.20% over the last 6 months – not to mention a drop of -70.70% 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 49.37, with the RSI for the last a single of trading hit 55.25, and the three-weeks RSI is set at 45.13 for Wolfspeed Inc [WOLF]. The present Moving Average for the last 50 days of trading for this stock 11.14, while it was recorded at 9.15 for the last single week of trading, and 23.85 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 3.82 and a Current Ratio set at 4.51.
Earnings per share (EPS) analysis for Wolfspeed Inc [WOLF] stock
With the latest financial reports released by the company, Wolfspeed Inc posted -0.53/share EPS, while the average EPS was predicted by analysts to be reported at -0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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 WOLF.
Wolfspeed Inc [WOLF]: Institutional Ownership
There are presently around $112.55%, or 113.73%% of WOLF stock, in the hands of institutional investors. The top three institutional holders of WOLF stocks are: VANGUARD GROUP INC with ownership of 13.52 million shares, which is approximately 10.7473%. BLACKROCK INC., holding 13.23 million shares of the stock with an approximate value of $$301.06 million in WOLF stocks shares; and BLACKROCK INC., currently with $$286.9 million in WOLF stock with ownership which is approximately 10.0178%.
