The stock of Wolfspeed Inc (NYSE:WOLF) last traded at $27.40, down -5.19% from the previous session.
WOLF stock price is now -0.63% away from the 50-day moving average and -30.97% away from the 200-day moving average. The market capitalization of the company currently stands at $3.45B.
With the price target of $30, Mizuho recently initiated with Neutral rating for Wolfspeed Inc (NYSE: WOLF). On April 03, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $55 to quote $30, while ‘Jefferies’ rates the stock as ‘Hold’
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 $2.65 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 $27.42 and a two-hundred day moving average price translates $39.58 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 $201.11M in revenue.
