Wolfspeed Inc (NYSE: WOLF) is -80.23% lower on its value in year-to-date trading and has touched a low of $7.28 and a high of $47.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WOLF stock was last observed hovering at around $8.24 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $8.60, the stock is -16.63% and -43.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.78 million and changing 4.37% at the moment leaves the stock -67.18% off its SMA200. WOLF registered -80.31% loss for a year compared to 6-month loss of -65.67%.
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The stock witnessed a -29.39% gain in the last 1 month and extending the period to 3 months gives it a -68.24%, and is 12.71% 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 10.17% over the week and 9.89% over the month.
Wolfspeed Inc (WOLF) has around 5013 employees, a market worth around $1.09B and $807.20M in sales. Profit margin for the company is -107.06%. Distance from 52-week low is 18.13% and -81.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.06%).
The EPS is expected to shrink by -30.61% this year.
Wolfspeed Inc (WOLF) Top Institutional Holders
498.0 institutions hold shares in Wolfspeed Inc (WOLF), with institutional investors hold 113.77% of the company’s shares. The shares outstanding are 126.41M, and float is at 125.15M with Short Float at 23.57%. Institutions hold 112.58% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.52 million shares valued at $307.79 million. The investor’s holdings represent 10.7473% of the WOLF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.23 million shares valued at $301.06 million to account for 10.5123 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 12.61 million shares representing 10.0178% and valued at over $286.9 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 9.341 of the shares totaling 11.75 million with a market value of $267.52 million.
Wolfspeed Inc (WOLF) Insider Activity
The most recent transaction is an insider purchase by Riley Marvin, the company’s Director. SEC filings show that Riley Marvin bought 1,866 shares of the company’s common stock on May 28 ’24 at a price of $27.05 per share for a total of $50481.0. Following the purchase, the insider now owns 13297.0 shares.
Wolfspeed Inc disclosed in a document filed with the SEC on Feb 02 ’24 that JACKSON DARREN R (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $25.80 per share for $0.26 million. Following the transaction, the insider now directly holds 49021.0 shares of the WOLF stock.
Still, SEC filings show that on Feb 02 ’24, REPLOGLE JOHN B (Director) acquired 10,000 shares at an average price of $26.04 for $0.26 million. The insider now directly holds 96,788 shares of Wolfspeed Inc (WOLF).
