In last trading session, Wolfspeed Inc (NYSE:WOLF) saw 33.06 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $7.48 trading at $0.54 or 7.78% at ring of the bell on the day assigns it a market valuation of $1.16B. That closing price of WOLF’s stock is at a discount of -312.57% from its 52-week high price of $30.86 and is indicating a premium of 37.7% from its 52-week low price of $4.66.
For Wolfspeed Inc (WOLF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.83. 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 -0.82 in the current quarter.
Wolfspeed Inc (NYSE:WOLF) trade information
Upright in the green during last session for gaining 7.78%, in the last five days WOLF remained trading in the green while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $7.48 price level, adding 2.48% to its value on the day. Wolfspeed Inc’s shares saw a change of 12.31% in year-to-date performance and have moved 45.53% in past 5-day. Wolfspeed Inc (NYSE:WOLF) showed a performance of 19.11% in past 30-days.
Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 44.59% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -20.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.32% for stock’s current value.
Wolfspeed Inc (WOLF) estimates and forecasts
This year revenue growth is estimated to fall -6.25% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 185.66M for the same. And 13 analysts are in estimates of company making revenue of 194.89M in the next quarter. Company posted 200.7M 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. In 2025, company’s earnings growth rate is likely to be around -31.05% while estimates for its earnings growth in next 5 years are of 28.66%.
Wolfspeed Inc (NYSE:WOLF)’s Major holders
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.
