Currently, there are 155.62M common shares owned by the public and among those 154.03M shares have been available to trade.
The company’s stock has a 5-day price change of 18.90% and -36.89% over the past three months. WOLF shares are trading -41.44% year to date (YTD), with the 12-month market performance down to -84.30% 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 28.65 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 8.62%, -0.10%, and -50.67% respectively.
Institutional ownership of Wolfspeed Inc (NYSE: WOLF) shares accounts for 90.70% of the company’s 155.62M shares outstanding.
It has a market capitalization of $606.94M 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 11.59% over the week and 14.03% over the month.
Analysts forecast that Wolfspeed Inc (WOLF) will achieve an EPS of -0.83 for the current quarter, -0.64 for the next quarter and -2.51 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -1.27 while analysts give the company a high EPS estimate of -1.27. Comparatively, EPS for the current quarter was -0.89 a year ago. Earnings per share for the fiscal year are expected to decrease by -26.90%, and 23.97% over the next financial year. EPS should grow at an annualized rate of 15.58% 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.
