Wolfspeed Inc (NYSE: WOLF) on Friday, plunged -7.10% from the previous trading day, before settling in for the closing price of $6.76. Within the past 52 weeks, WOLF’s price has moved between $4.66 and $37.29.
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Technology Sector giant saw their annual sales surged by 1.06% over the last five years. The company achieved an average annual earnings per share of -35.85%. With a float of $126.30 million, this company’s outstanding shares have now reached $126.89 million.
The firm has a total of 5013 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Wolfspeed Inc is 1.11%, while institutional ownership is 111.97%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -35.85% per share during the next fiscal year.
Wolfspeed Inc (NYSE: WOLF) Trading Performance Indicators
Wolfspeed Inc (WOLF) is currently performing well based on its current performance indicators. A quick ratio of 2.54 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.00.
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 -2.07 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 26.76 million was better than the volume posted last year of 22.04 million. As of the previous 9 days, the stock’s Stochastic %D was 56.36%. Additionally, its Average True Range was 0.89.
During the past 100 days, Wolfspeed Inc’s (WOLF) raw stochastic average was set at 12.67%, which indicates a significant decrease from 47.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 182.13% in the past 14 days, which was higher than the 157.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.01, while its 200-day Moving Average is $16.17. Now, the first resistance to watch is $6.94. This is followed by the second major resistance level at $7.61. The third major resistance level sits at $7.98. If the price goes on to break the first support level at $5.90, it is likely to go to the next support level at $5.53. Should the price break the second support level, the third support level stands at $4.86.
Wolfspeed Inc (NYSE: WOLF) Key Stats
Market capitalization of the company is 802.04 million based on 127,713K outstanding shares. Right now, sales total 807,200 K and income totals -864,200 K. The company made 194,700 K in profit during its latest quarter, and -282,200 K in sales during its previous quarter.
