Currently, there are 124.79M common shares owned by the public and among those 124.30M shares have been available to trade.
The company’s stock has a 5-day price change of -19.45% and -44.76% over the past three months. WOLF shares are trading -67.07% year to date (YTD), with the 12-month market performance down to -75.98% lower. It has a 12-month low price of $14.03 and touched a high of $60.00 over the same period. WOLF has an average intraday trading volume of 3.47 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 -30.96%, -39.49%, and -51.27% respectively.
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Institutional ownership of Wolfspeed Inc (NYSE: WOLF) shares accounts for 116.37% of the company’s 124.79M shares outstanding.
It has a market capitalization of $1.80B and a beta (3y monthly) value of 1.59. The earnings-per-share (ttm) stands at -$6.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.43% over the week and 7.55% over the month.
Analysts forecast that Wolfspeed Inc (WOLF) will achieve an EPS of -0.83 for the current quarter, -0.81 for the next quarter and -2.61 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.92 while analysts give the company a high EPS estimate of -0.92. Comparatively, EPS for the current quarter was -0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -263.65%, and -3.78% over the next financial year.
TD Cowen coverage for the Wolfspeed Inc (WOLF) stock in a research note released on May 02, 2024 offered a Hold rating with a price target of $25. Mizuho was of a view on April 05, 2024 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on April 03, 2024, issuing a price target of $55- $30. Jefferies on their part issued Hold rating on May 18, 2023.
