Wolfspeed Inc (NYSE:WOLF) shares traded 9.75% higher at $27.24 on Wall Street last session.
WOLF stock price is now -7.99% away from the 50-day moving average and -34.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.43B.
With the price target of $46, Jefferies recently initiated with Hold rating for Wolfspeed Inc (NYSE: WOLF). , while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, REPLOGLE JOHN B, Director bought 10,000 shares of the company’s stock on Feb 02 ’24. The stock was bought for $260,358 at an average price of $26.04. Upon completion of the transaction, the Director now directly owns 96,788 shares in the company, valued at $2.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02 ’24, Director JACKSON DARREN R bought 10,000 shares of the business’s stock. A total of $257,954 was incurred on buying the stock at an average price of $25.80. This leaves the insider owning 49,021 shares of the company worth $1.34 million. A total of 2.05% of the company’s stock is owned by insiders.
During the past 12 months, Wolfspeed Inc has had a low of $23.54 and a high of $70.42. As of last week, the company has a debt-to-equity ratio of 4.60, a current ratio of 5.13, and a quick ratio of 4.54. The fifty day moving average price for WOLF is $29.32 and a two-hundred day moving average price translates $41.32 for the stock.
The latest earnings results from Wolfspeed Inc (NYSE: WOLF) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at -$0.55, beating analysts’ expectations of -$0.66 by 0.11. This compares to -$0.15 EPS in the same period last year. The net profit margin was -86.54% and return on equity was -31.57% for WOLF. The company reported revenue of $208.4 million for the quarter, compared to $173.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.91 percent. For the current quarter, analysts expect WOLF to generate $201.18M in revenue.
