Currently, there are 124.79M common shares owned by the public and among those 122.66M shares have been available to trade.
Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 220,432 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 60,045 shares.
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However, the script later moved the day high at 28.20, down -5.73%. The company’s stock has a 5-day price change of -22.24% and -20.01% over the past three months. WOLF shares are trading -39.07% year to date (YTD), with the 12-month market performance down to -68.41% lower. It has a 12-month low price of $27.35 and touched a high of $87.93 over the same period. WOLF has an average intraday trading volume of 3.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.33%, -30.52%, and -40.74% respectively.
Institutional ownership of Wolfspeed Inc (NYSE: WOLF) shares accounts for 106.54% of the company’s 124.79M shares outstanding.
It has a market capitalization of $3.32B and a beta (3y monthly) value of 1.72. The earnings-per-share (ttm) stands at -$6.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.83% over the week and 6.38% over the month.
Analysts forecast that Wolfspeed Inc (WOLF) will achieve an EPS of $TeraWulf Inc. for the current quarter, $1.78 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Petco Health and Wellness Compa while analysts give the company a high EPS estimate of $Acushnet Holdings Corp.. Comparatively, EPS for the current quarter was $DECENTRAL LIFE INC a year ago. Earnings per share for the fiscal year are expected to decrease by -237.70%, and 23.67% over the next financial year.
Looking at the support for the WOLF, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on May 18, 2023, with the firm’s price target at $46.
