Wolfspeed Inc (NYSE:WOLF) shares traded -8.52% lower at $4.08 on Wall Street last session.
WOLF stock price is now -3.37% away from the 50-day moving average and -52.72% away from the 200-day moving average. The market capitalization of the company currently stands at $634.73M.
With the price target reduced from $17 to $8, Mizuho Downgraded its rating from Neutral to Underperform for Wolfspeed Inc (NYSE: WOLF). On August 22, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $25 to quote $15, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Reynolds Neill, Executive Vice President & CFO sold 13,909 shares of the company’s stock on Apr 28 ’25. The stock was sold for $55,497 at an average price of $3.99. Upon completion of the transaction, the Executive Vice President & CFO now directly owns 195,257 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28 ’25, Officer NEILL P REYNOLDS bought 13,909 shares of the business’s stock. A total of $55,497 was incurred on buying the stock at an average price of $3.99. A total of 0.97% of the company’s stock is owned by insiders.
During the past 12 months, Wolfspeed Inc has had a low of $2.06 and a high of $30.86. As of last week, the company has a debt-to-equity ratio of 17.65, a current ratio of 3.15, and a quick ratio of 2.47.
The net profit margin was -125.96% and return on equity was -128.47% for WOLF. The company reported revenue of $180.5 million for the quarter, compared to $208.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.39 percent.
