The price of Wolfspeed Inc (NYSE:WOLF) shares last traded on Wall Street fell -6.76% to $1.38.
WOLF stock price is now -59.44% away from the 50-day moving average and -81.45% away from the 200-day moving average. The market capitalization of the company currently stands at $214.77M.
On October 03, 2024, Mizuho Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $17 to quote $8, while ‘TD Cowen’ rates the stock as ‘Hold’
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 $0.27 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 1.03% of the company’s stock is owned by insiders.
During the past 12 months, Wolfspeed Inc has had a low of $0.82 and a high of $30.86. As of last week, the company has a debt-to-equity ratio of 31.37, a current ratio of 4.64, and a quick ratio of 3.90.
The net profit margin was -146.43% and return on equity was -180.49% for WOLF. The company reported revenue of $185.4 million for the quarter, compared to $200.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.62 percent.
