Wolfspeed Inc (NYSE: WOLF) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 0.68 million shares of the Wolfspeed Inc (NYSE:WOLF) have been traded, and its beta is 1.61. Most recently the company’s share price was $23.72, and it changed around $0.13 or 0.55% from the last close, which brings the market valuation of the company to $2.99B. WOLF at last check was trading at a discount to its 52-week high of $70.42, offering almost -196.88% off that amount. The share price’s 52-week low was $20.63, which indicates that the recent value has risen by an impressive 13.03% since then. We note from Wolfspeed Inc’s average daily trading volume that its 3-month average coming to 3.96 million.

Wolfspeed Inc (NYSE:WOLF) trade information

Instantly WOLF has been showing a green trend so far today with a performance of 0.55% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -45.48% year-to-date, but still down -12.63% over the last five days. On the other hand, Wolfspeed Inc (NYSE:WOLF) is -14.61% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $72.85, which translates to bulls needing to increase their stock price by 67.44% from its current value. Analyst projections state that WOLF is forecast to be at a low of $25 and a high of $130.

Wolfspeed Inc (WOLF) estimates and forecasts

Wolfspeed Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.40 percent over the past six months and at a -68.97% annual growth rate that is well below the industry average of -33.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.17%.

WOLF Dividends

Wolfspeed Inc’s next quarterly earnings report is expected to be released in July.