On Monday, Wolfspeed Inc (NYSE: WOLF) opened higher 15.87% from the last session, before settling in for the closing price of $9.58. Price fluctuations for WOLF have ranged from $6.10 to $47.43 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 1.06%. Company’s average yearly earnings per share was noted -38.13% at the time writing. With a float of $126.52 million, this company’s outstanding shares have now reached $126.89 million.
The extent of productivity of a business whose workforce counts for 5013 workers is very important to gauge. In terms of profitability, gross margin is 1.99%, operating margin of -69.83%, and the pretax margin is -90.85%.
Wolfspeed Inc (WOLF) Insider and Institutional Ownership
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 0.94%, while institutional ownership is 125.32%. The most recent insider transaction that took place on Nov 22 ’24, was worth 29,921. In this transaction Director of this company bought 3,592 shares at a rate of $8.33, taking the stock ownership to the 18,688 shares. Before that another transaction happened on Nov 20 ’24, when Company’s Director bought 36,975 for $6.76, making the entire transaction worth $249,999. This insider now owns 85,996 shares in total.
Wolfspeed Inc (WOLF) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.55 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.63) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.13% 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 2.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.95, a number that is poised to hit -1.02 in the next quarter and is forecasted to reach -2.28 in one year’s time.
Technical Analysis of Wolfspeed Inc (WOLF)
The latest stats from [Wolfspeed Inc, WOLF] show that its last 5-days average volume of 16.04 million was superior to 7.26 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 84.41%. Additionally, its Average True Range was 1.24.
During the past 100 days, Wolfspeed Inc’s (WOLF) raw stochastic average was set at 25.79%, which indicates a significant decrease from 99.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 176.51% in the past 14 days, which was higher than the 150.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.83, while its 200-day Moving Average is $19.19. Now, the first resistance to watch is $11.64. This is followed by the second major resistance level at $12.17. The third major resistance level sits at $13.21. If the price goes on to break the first support level at $10.07, it is likely to go to the next support level at $9.03. The third support level lies at $8.50 if the price breaches the second support level.
Wolfspeed Inc (NYSE: WOLF) Key Stats
There are currently 127,713K shares outstanding in the company with a market cap of 1.52 billion. Presently, the company’s annual sales total 807,200 K according to its annual income of -864,200 K. Last quarter, the company’s sales amounted to 194,700 K and its income totaled -282,200 K.
