Currently, there are 126.41M common shares owned by the public and among those 125.15M shares have been available to trade.
The company’s stock has a 5-day price change of -0.93% and -58.31% over the past three months. WOLF shares are trading -77.91% year to date (YTD), with the 12-month market performance down to -70.70% lower. It has a 12-month low price of $7.28 and touched a high of $47.43 over the same period. WOLF has an average intraday trading volume of 8.03 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 11.96%, -15.22%, and -60.00% respectively.
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Institutional ownership of Wolfspeed Inc (NYSE: WOLF) shares accounts for 111.65% of the company’s 126.41M shares outstanding.
It has a market capitalization of $1.22B and a beta (3y monthly) value of 1.52. The earnings-per-share (ttm) stands at -$6.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.87% over the week and 8.78% over the month.
Earnings per share for the fiscal year are expected to decrease by -33.87%, and 49.28% over the next financial year.
Looking at the support for the WOLF, a number of firms have released research notes about the stock. Mizuho stated their Underperform rating for the stock in a research note on October 03, 2024, with the firm’s price target at $17-$8. TD Cowen coverage for the Wolfspeed Inc (WOLF) stock in a research note released on August 22, 2024 offered a Hold rating with a price target of $15. Goldman was of a view on August 22, 2024 that the stock is Buy, while New Street gave the stock Neutral rating on August 07, 2024, issuing a price target of $18. William Blair on their part issued Mkt Perform rating on May 02, 2024.
