Wolfspeed Inc (NYSE:WOLF) has a beta value of 1.74 and has seen 56.57 million shares traded in the last trading session. The company, currently valued at $476.05M, closed the last trade at $3.06 per share which meant it gained $0.47 on the day or 18.15% during that session. The WOLF stock price is -908.5% off its 52-week high price of $30.86 and 16.99% above the 52-week low of $2.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 37.38 million shares traded. The 3-month trading volume is 22.45 million shares.
The consensus among analysts is that Wolfspeed Inc (WOLF) is Buy stock at the moment, with a recommendation rating of 2.94. 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.
Wolfspeed Inc (NYSE:WOLF) trade information
Sporting 18.15% 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 $3.06 or saw a rise of 53.78%. Year-to-date, Wolfspeed Inc shares have moved -54.05%, while the 5-day performance has seen it change -52.26%. Over the past 30 days, the shares of Wolfspeed Inc (NYSE:WOLF) have changed -47.06%. Short interest in the company has seen 42.92 million shares shorted with days to cover at 1.8.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 72.18% from current levels. The projected low price target is $9.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -422.88% off the targeted high while a plunge would see the stock gain -194.12% from current levels.
Wolfspeed Inc (WOLF) estimates and forecasts
The company’s shares have lost -66.78% over the past 6 months.
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. Earnings growth for 2025 is a modest -31.24% while over the next 5 years, the company’s earnings are expected to increase by 28.26%.
WOLF Dividends
Wolfspeed Inc is expected to release its next earnings report on 2025-Jan-28 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 0.88% of the company shares, while shares held by institutions stand at 94.45% with a share float percentage of 95.29%. Investors are also buoyed by the number of investors in a company, with Wolfspeed Inc having a total of 428.0 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 10.4777% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Core S&P Small-Cap ETF and T. Rowe Price Mid-Cap Value Fund, Inc. . As of Feb 28, 2025 , the former fund manager holds about 6.41% shares in the company for having 8.19 shares of worth $25.06 million while later fund manager owns 7.22 shares of worth $22.08 million as of Dec 31, 2024 , which makes it owner of about 5.65% of company’s outstanding stock.
