Wolfspeed Inc (NYSE: WOLF) is -81.96% lower on its value in year-to-date trading and has touched a low of $6.10 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 $8.00 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $7.85, the stock is -10.22% and -27.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.14 million and changing -1.88% at the moment leaves the stock -57.00% off its SMA200. WOLF registered -81.88% loss for a year compared to 6-month loss of -69.81%. The firm has a 50-day simple moving average (SMA 50) of $10.8612 and a 200-day simple moving average (SMA200) of $18.3544.
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The stock witnessed a 17.16% gain in the last 1 month and extending the period to 3 months gives it a -5.88%, and is -11.60% down 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 7.52% over the week and 11.66% over the month.
Wolfspeed Inc (WOLF) has around 5013 employees, a market worth around $1.00B and $804.50M in sales. Profit margin for the company is -93.31%. Distance from 52-week low is 28.69% and -83.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.83%).
The EPS is expected to shrink by -38.13% this year.
Wolfspeed Inc (WOLF) Top Institutional Holders
459.0 institutions hold shares in Wolfspeed Inc (WOLF), with institutional investors hold 115.64% of the company’s shares. The shares outstanding are 126.89M, and float is at 126.34M with Short Float at 30.53%. Institutions hold 114.41% 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 Dorchak Glenda, the company’s Director. SEC filings show that Dorchak Glenda bought 3,592 shares of the company’s common stock on Nov 22 ’24 at a price of $8.33 per share for a total of $29921.0. Following the purchase, the insider now owns 18688.0 shares.
Wolfspeed Inc disclosed in a document filed with the SEC on Nov 20 ’24 that JACKSON DARREN R (Director) bought a total of 36,975 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $6.76 per share for $0.25 million. Following the transaction, the insider now directly holds 85996.0 shares of the WOLF stock.
Still, SEC filings show that on Nov 20 ’24, WERNER THOMAS H (Chairman of the Board) acquired 37,500 shares at an average price of $6.53 for $0.24 million. The insider now directly holds 108,549 shares of Wolfspeed Inc (WOLF).
