Wolfspeed Inc (NYSE:WOLF) currently has a daily average trading volume of 28.89M but it saw 13786854 shares traded in last market. With a market cap of 592.93M USD, the company’s current market price of $3.81 came falling about -0.26 while comparing to the previous closing price of $3.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.86 and as low as $2.06.
Taking a look at 20-day trading activity of Wolfspeed Inc (WOLF) gives us an average price of $3.52, while its current price level is -87.65% below from 52-week high level whereas it is 84.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.93 while that of 200 days or SMA-200 reads an average of $7.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.52% during that period while stretching the period over a month that increases to 14.22%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.91 which implies that the stock is in neutral territory.
Mizuho downgraded its recommendation for the stock as a “Underperform” from “Neutral” on October 03, 2024 while assigning a price target range of $17-$8. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $25 and $15.
Over the week, WOLF’s stock price is moving -14.00% down while it is 67.84% when we observe its performance for the past one month. Year-to-date it is -42.79% down and over the past year, the stock is showing a downside performance of -83.93%.
Currently, Wolfspeed Inc’s total number of outstanding shares is 155.62M with 0.97% of that held by the insiders while 95.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -16.22% and return on equity (ROE) at -180.49%. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 2.79 while price to sale or P/S ratio amounts to 0.78. Its return on asset (ROA) is -14.60% on average.
