A new trading day began on Monday, with Wolfspeed Inc (NYSE: WOLF) stock price down -3.15% from the previous day of trading, before settling in for the closing price of $13.35. WOLF’s price has ranged from $7.28 to $47.43 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 1.06%. Meanwhile, its annual earnings per share averaged -31.57%. With a float of $125.42 million, this company’s outstanding shares have now reached $126.41 million.
Let’s determine the extent of company efficiency that accounts for 5013 employees. In terms of profitability, gross margin is 9.53%, operating margin of -52.85%, and the pretax margin is -70.92%.
Wolfspeed Inc (WOLF) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Wolfspeed Inc is 1.16%, while institutional ownership is 113.63%. The most recent insider transaction that took place on May 28 ’24, was worth 50,481. In this transaction Director of this company bought 1,866 shares at a rate of $27.05, taking the stock ownership to the 13,297 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.53 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.57% per share during the next fiscal year.
Wolfspeed Inc (NYSE: WOLF) Trading Performance Indicators
Here are Wolfspeed Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.88, a number that is poised to hit -1.00 in the next quarter and is forecasted to reach -1.95 in one year’s time.
Technical Analysis of Wolfspeed Inc (WOLF)
Looking closely at Wolfspeed Inc (NYSE: WOLF), its last 5-days average volume was 7.5 million, which is a jump from its year-to-date volume of 6.43 million. As of the previous 9 days, the stock’s Stochastic %D was 7.42%. Additionally, its Average True Range was 1.24.
During the past 100 days, Wolfspeed Inc’s (WOLF) raw stochastic average was set at 25.12%, which indicates a significant increase from 1.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.36% in the past 14 days, which was lower than the 106.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.96, while its 200-day Moving Average is $21.26. However, in the short run, Wolfspeed Inc’s stock first resistance to watch stands at $13.38. Second resistance stands at $13.83. The third major resistance level sits at $14.09. If the price goes on to break the first support level at $12.67, it is likely to go to the next support level at $12.42. Now, if the price goes above the second support level, the third support stands at $11.97.
Wolfspeed Inc (NYSE: WOLF) Key Stats
With a market capitalization of 1.65 billion, the company has a total of 126,892K Shares Outstanding. Currently, annual sales are 807,200 K while annual income is -864,200 K. The company’s previous quarter sales were 200,700 K while its latest quarter income was -174,900 K.
