In the latest trading session, 0.71 million Wolfspeed Inc (NYSE:WOLF) shares changed hands as the company’s beta touched 1.62. With the company’s most recent per share price at $25.51 changing hands around $0.18 or 0.71% at last look, the market valuation stands at $3.21B. WOLF’s current price is a discount, trading about -176.05% off its 52-week high of $70.42. The share price had its 52-week low at $20.63, which suggests the last value was 19.13% up since then. When we look at Wolfspeed Inc’s average trading volume, we note the 3-month average coming to 4.78 million.
Wolfspeed Inc (NYSE:WOLF) trade information
Instantly WOLF is in green as seen in intraday trades today. With action -8.40%, the performance over the past five days has been red. The jump to weekly highs of 28.22 added 0.71% to the stock’s daily price. The company’s shares are showing year-to-date downside of -41.37%, with the 5-day performance at -8.40% in the red. However, in the 30-day time frame, Wolfspeed Inc (NYSE:WOLF) is -3.04% down.
Wolfspeed Inc (WOLF) estimates and forecasts
Data shows that the Wolfspeed Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.74% over the past 6 months, a -62.76% in annual growth rate that is considerably lower than the industry average of -46.10%. Year-over-year growth is forecast to reach -11.60% down from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 205.96M. 14 analysts are of the opinion that Wolfspeed Inc’s revenue for the current quarter will be 232.17M. The company’s revenue for the corresponding quarters a year ago was 235.8M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.17%. The 2024 estimates are for Wolfspeed Inc earnings to decrease by -253.05%.
