Wolfspeed Inc (NYSE:WOLF) has a beta value of 1.46 and has seen 7.72 million shares traded in the last trading session. The company, currently valued at $1.70B, closed the last trade at $13.35 per share which meant it gained $0.04 on the day or 0.30% during that session. The WOLF stock price is -255.28% off its 52-week high price of $47.43 and 45.47% above the 52-week low of $7.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.24 million shares traded. The 3-month trading volume is 11.29 million shares.
The consensus among analysts is that Wolfspeed Inc (WOLF) is Buy stock at the moment, with a recommendation rating of 2.70. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Wolfspeed Inc (NYSE:WOLF) trade information
Sporting 0.30% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the WOLF stock price touched $13.35 or saw a rise of 16.46%. Year-to-date, Wolfspeed Inc shares have moved -69.32%, while the 5-day performance has seen it change -10.16%. Over the past 30 days, the shares of Wolfspeed Inc (NYSE:WOLF) have changed 55.05%. Short interest in the company has seen 37.32 million shares shorted with days to cover at 3.02.
Wall Street analysts have a consensus price target for the stock at $41.5, which means that the shares’ value could jump 67.83% from current levels. The projected low price target is $11.0 while the price target rests at a high of $115.0. In that case, then, we find that the current price level is -761.42% off the targeted high while a plunge would see the stock lose 17.6% from current levels.
Wolfspeed Inc (WOLF) estimates and forecasts
Figures show that Wolfspeed Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -47.30% over the past 6 months, with this year growth rate of -29.73%, compared to -20.50% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.18% over the past 5 years.
WOLF Dividends
Wolfspeed Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Wolfspeed Inc (NYSE:WOLF)’s Major holders
Insiders own 0.86% of the company shares, while shares held by institutions stand at 115.24% with a share float percentage of 116.24%. Investors are also buoyed by the number of investors in a company, with Wolfspeed Inc having a total of 490.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.52 million shares worth more than $307.79 million. As of 2024-06-30, VANGUARD GROUP INC held 10.7473% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 13.23 million shares as of 2024-06-30. The firm’s total holdings are worth over $301.06 million and represent 10.5123% of shares outstanding.
