Currently, there are 155.62M common shares owned by the public and among those 153.98M shares have been available to trade.
The company’s stock has a 5-day price change of -26.46% and -38.46% over the past three months. WOLF shares are trading -50.75% year to date (YTD), with the 12-month market performance down to -86.47% lower. It has a 12-month low price of $2.06 and touched a high of $30.86 over the same period. WOLF has an average intraday trading volume of 27.01 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 2.04%, -19.15%, and -60.38% respectively.
Institutional ownership of Wolfspeed Inc (NYSE: WOLF) shares accounts for 97.44% of the company’s 155.62M shares outstanding.
It has a market capitalization of $510.27M and a beta (3y monthly) value of 1.58. The earnings-per-share (ttm) stands at -$8.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.85% over the week and 13.93% over the month.
Earnings per share for the fiscal year are expected to decrease by -27.84%, and 22.04% over the next financial year. EPS should grow at an annualized rate of 21.71% over the next five years, compared to -18.18% over the past 5-year period.
Mizuho coverage for the Wolfspeed Inc (WOLF) stock in a research note released on October 03, 2024 offered a Underperform rating with a price target of $8. TD Cowen was of a view on August 22, 2024 that the stock is Hold, while Goldman gave the stock Buy rating on August 22, 2024, issuing a price target of $48- $28. New Street on their part issued Neutral rating on August 07, 2024.
