In last trading session, Wolfspeed Inc (NYSE:WOLF) saw 9.55 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $8.92 trading at $0.05 or 0.56% at ring of the bell on the day assigns it a market valuation of $1.15B. That closing price of WOLF’s stock is at a discount of -431.73% from its 52-week high price of $47.43 and is indicating a premium of 31.61% from its 52-week low price of $6.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.32 million shares which gives us an average trading volume of 13.35 million if we extend that period to 3-months.
For Wolfspeed Inc (WOLF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.80. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.02 in the current quarter.
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Wolfspeed Inc (NYSE:WOLF) trade information
Upright in the green during last session for gaining 0.56%, in the last five days WOLF remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $8.92 price level, adding 12.46% to its value on the day. Wolfspeed Inc’s shares saw a change of -79.50% in year-to-date performance and have moved 38.51% in past 5-day. Wolfspeed Inc (NYSE:WOLF) showed a performance of -42.27% in past 30-days. Number of shares sold short was 37.27 million shares which calculate 2.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 41.5 to the stock, which implies a rise of 78.51% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would drop -23.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.32% for stock’s current value.
Wolfspeed Inc (WOLF) estimates and forecasts
Statistics highlight that Wolfspeed Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -65.63% of value to its shares in past 6 months, showing an annual growth rate of -31.27% while that of industry is 4.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.18% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 182.16M for the same. And 14 analysts are in estimates of company making revenue of 196.59M in the next quarter. Company posted 208.4M and 200.7M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.18% during past 5 years.
Wolfspeed Inc (NYSE:WOLF)’s Major holders
Insiders are in possession of 0.95% of company’s total shares while institution are holding 127.93 percent of that, with stock having share float percentage of 129.16%. Investors also watch the number of corporate investors in a company very closely, which is 127.93% institutions for Wolfspeed Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at WOLF for having 13.52 million shares of worth $307.79 million. And as of 2024-06-30, it was holding 10.7473 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 13.23 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.5123 of outstanding shares, having a total worth of $301.06 million.
On the other hand, Growth Fund of America Inc and Price (T.Rowe) Mid-Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 6.31 shares of worth $56.27 million or 4.94% of the total outstanding shares. The later fund manager was in possession of 4.56 shares on Sep 30, 2024 , making its stake of worth around $40.72 million in the company or a holder of 3.57% of company’s stock.
