Wolfspeed Inc. (NYSE: WOLF) is 18.21% higher on its value in year-to-date trading and has touched a low of $58.07 and a high of $125.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WOLF stock was last observed hovering at around $85.72 in the last trading session, with the day’s loss setting it -4.11%.
Currently trading at $81.61, the stock is 9.95% and 1.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -4.79% at the moment leaves the stock -7.24% off its SMA200. WOLF registered -9.13% loss for a year compared to 6-month gain of 5.99%.
The stock witnessed a 5.52% loss in the last 1 month and extending the period to 3 months gives it a -22.84%, and is 0.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.38% over the week and 5.01% over the month.
Wolfspeed Inc. (WOLF) has around 4017 employees, a market worth around $9.68B and $830.90M in sales. Fwd P/E is 82.35. Profit margin for the company is -18.90%. Distance from 52-week low is 40.54% and -34.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.10%).
The EPS is expected to grow by 19.10% this year.
Wolfspeed Inc. (WOLF) Top Institutional Holders
The shares outstanding are 124.03M, and float is at 123.34M with Short Float at 11.99%.
Wolfspeed Inc. (WOLF) Insider Activity
A total of 29 insider transactions have happened at Wolfspeed Inc. (WOLF) in the last six months, with sales accounting for 8 and purchases happening 21 times. The most recent transaction is an insider purchase by LE DUY LOAN T,the company’sDirector. SEC filings show that LE DUY LOAN T bought 3,000 shares of the company’s common stock on Nov 18 at a price of $90.95 per share for a total of $0.27 million. Following the purchase, the insider now owns 5000.0 shares.
Wolfspeed Inc. disclosed in a document filed with the SEC on Nov 18 that LE DUY LOAN T (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 18 and was made at $91.04 per share for $0.18 million. Following the transaction, the insider now directly holds 29662.0 shares of the WOLF stock.
Still, SEC filings show that on Nov 02, LE DUY LOAN T (Director) acquired 2,000 shares at an average price of $73.82 for $0.15 million. The insider now directly holds 27,662 shares of Wolfspeed Inc. (WOLF).
Wolfspeed Inc. (WOLF): Who are the competitors?
The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading -17.58% down over the past 12 months and Broadcom Inc. (AVGO) that is 9.71% higher over the same period. QUALCOMM Incorporated (QCOM) is -20.75% down on the 1-year trading charts.