Wolfspeed Inc (NYSE:WOLF) currently has a daily average trading volume of 35.93M but it saw 16964439 shares traded in last market. With a market cap of 90.26M USD, the company’s current market price of $0.58 came falling about -7.64 while comparing to the previous closing price of $0.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.49 and as low as $0.55. In the recent trading on the day, stock has struck highest price mark of $0.565 while lowest mark touched by it was $0.6333.
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 -53.60% down while it is -60.00% when we observe its performance for the past one month. Year-to-date it is -97.54% down and over the past year, the stock is showing a downside performance of -91.29%.
The company is expected to be releasing its next quarterly report on 2025-May-08, for which analysts forecasted an EPS of -0.81 while estimate for next year EPS is -3.36. In next quarter, company is expected to be making quarterly sales of $196.04M as analysts are expecting the sales for current fiscal year at $753.4M and seeing the company making $865.66M in sales next year. Moreover, analysts are in estimates of $192.04M for current-quarter revenue.
Currently, Wolfspeed Inc’s total number of outstanding shares is 155.62M with 0.99% of that held by the insiders while 92.98% 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 1.22. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is -14.60% on average.
