On Friday, Wolfspeed Inc (NYSE: WOLF) opened lower -5.78% from the last session, before settling in for the closing price of $27.86. Price fluctuations for WOLF have ranged from $23.54 to $70.42 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 7.51% over the last five years. Company’s average yearly earnings per share was noted -234.59% at the time writing. With a float of $123.22 million, this company’s outstanding shares have now reached $124.79 million.
The firm has a total of 4802 workers. Let’s measure their productivity.
Wolfspeed Inc (WOLF) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Wolfspeed Inc is 2.05%, while institutional ownership is 109.63%. The most recent insider transaction that took place on Feb 02 ’24, was worth 260,358. In this transaction Director of this company bought 10,000 shares at a rate of $26.04, taking the stock ownership to the 96,788 shares. Before that another transaction happened on Feb 02 ’24, when Company’s Director bought 10,000 for $25.80, making the entire transaction worth $257,954. This insider now owns 49,021 shares in total.
Wolfspeed Inc (WOLF) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -234.59% per share during the next fiscal year.
Wolfspeed Inc (NYSE: WOLF) Trading Performance Indicators
Check out the current performance indicators for Wolfspeed Inc (WOLF). In the past quarter, the stock posted a quick ratio of 4.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.02, a number that is poised to hit -0.64 in the next quarter and is forecasted to reach -1.77 in one year’s time.
Technical Analysis of Wolfspeed Inc (WOLF)
Analysing the last 5-days average volume posted by the [Wolfspeed Inc, WOLF], we can find that recorded value of 3.58 million was lower than the volume posted last year of 4.63 million. As of the previous 9 days, the stock’s Stochastic %D was 28.84%. Additionally, its Average True Range was 1.69.
During the past 100 days, Wolfspeed Inc’s (WOLF) raw stochastic average was set at 11.34%, which indicates a significant increase from 8.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.58% in the past 14 days, which was lower than the 73.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.17, while its 200-day Moving Average is $39.32. Now, the first resistance to watch is $26.96. This is followed by the second major resistance level at $27.68. The third major resistance level sits at $28.18. If the price goes on to break the first support level at $25.74, it is likely to go to the next support level at $25.24. Now, if the price goes above the second support level, the third support stands at $24.52.
Wolfspeed Inc (NYSE: WOLF) Key Stats
There are currently 125,801K shares outstanding in the company with a market cap of 3.30 billion. Presently, the company’s annual sales total 921,900 K according to its annual income of -329,900 K. Last quarter, the company’s sales amounted to 208,400 K and its income totaled -144,700 K.
