Wolfspeed Inc (NYSE:WOLF) currently has a daily average trading volume of 34.11M but it saw 32495182 shares traded in last market. With a market cap of 250.56M USD, the company’s current market price of $1.61 came rising about 15.00 while comparing to the previous closing price of $1.40. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.86 and as low as $0.82.
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 16.67% up while it is -60.54% when we observe its performance for the past one month. Year-to-date it is -75.83% down and over the past year, the stock is showing a downside performance of -93.74%.
The company is expected to be releasing its next quarterly report in July, for which analysts forecasted an EPS of -0.85 while estimate for next year EPS is -3.43. In next quarter, company is expected to be making quarterly sales of $195.83M as analysts are expecting the sales for current fiscal year at $753.65M and seeing the company making $863.92M in sales next year. Moreover, analysts are in estimates of $192.54M for current-quarter revenue.
Currently, Wolfspeed Inc’s total number of outstanding shares is 155.62M with 0.97% of that held by the insiders while 93.20% 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 1.28. Stock has a price to book (P/B) ratio of 1.18 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is -14.60% on average.
