Wolfspeed Inc (NYSE:WOLF)’s traded shares stood at 10.64 million during the last session, with the company’s beta value hitting 1.50. At the close of trading, the stock’s price was $5.80, to imply a decrease of -2.03% or -$0.12 in intraday trading. The WOLF share’s 52-week high remains $30.87, putting it -432.24% down since that peak but still an impressive 19.66% since price per share fell to its 52-week low of $4.66. The company has a valuation of $902.31M, with an average of 16.61 million shares in intraday trading volume over the past 10 days and average of 15.51 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Wolfspeed Inc (WOLF), translating to a mean rating of 2.84. Of 11 analyst(s) looking at the stock, 0 analyst(s) give WOLF a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.82.
Wolfspeed Inc (NYSE:WOLF) trade information
After registering a -2.03% downside in the last session, Wolfspeed Inc (WOLF) has traded red over the past five days. The 5-day price performance for the stock is -3.33%, and -19.11% over 30 days. With these gigs, the year-to-date price performance is -12.91%. Short interest in Wolfspeed Inc (NYSE:WOLF) saw shorts transact 41.84 million shares and set a 2.74 days time to cover.
The extremes give us $9 and $16 for target low and target high price respectively. As such, WOLF has been trading -175.86% off suggested target high and -55.17% from its likely low.
Wolfspeed Inc (WOLF) estimates and forecasts
Looking at statistics comparing Wolfspeed Inc share performance against respective industry, we note that the company has underperformed competitors. Wolfspeed Inc (WOLF) shares are -62.12% down over the last 6 months, with its year-to-date growth rate lower than industry average at -32.82% against 3.90%. The rating firms project that company’s revenue will shrink -6.22% compared to the previous financial year.
Revenue forecast for the current quarter as set by 14 analysts is 185.94M. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 194.91M.Earnings reports from the last fiscal year show that sales brought in 200.7M and 200.7M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.36% before dropping -2.89% in the following quarter.
WOLF Dividends
Wolfspeed Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Wolfspeed Inc (NYSE:WOLF)’s Major holders
Wolfspeed Inc insiders hold 0.88% of total outstanding shares, with institutional holders owning 93.80% of the shares at 94.63% float percentage. In total, 93.80% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 13.52 million shares (or 10.7473% of shares), all amounting to roughly $307.79 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 13.23 million shares, or about 10.5123% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $301.06 million.
We also have iShares Core S&P Smallcap ETF and Price (T.Rowe) Mid-Cap Value Fund as the top two Mutual Funds with the largest holdings of the Wolfspeed Inc (WOLF) shares. Going by data provided on Nov 30, 2024 , iShares Core S&P Smallcap ETF holds roughly 8.14 shares. This is just over 6.37% of the total shares, with a market valuation of $47.22 million. Data from the same date shows that the other fund manager holds a little less at 4.56, or 3.57% of the shares, all valued at about 26.48 million.
