Wolfspeed Inc (NYSE: WOLF) kicked off on Friday, up 4.92% from the previous trading day, before settling in for the closing price of $5.89. Over the past 52 weeks, WOLF has traded in a range of $4.66-$30.86.
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A company in the Technology sector has jumped its sales by 1.06% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -31.05%. With a float of $154.04 million, this company’s outstanding shares have now reached $155.57 million.
In an organization with 5013 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -6.31%, operating margin of -97.68%, and the pretax margin is -125.84%.
Wolfspeed Inc (WOLF) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Wolfspeed Inc is 0.96%, while institutional ownership is 91.70%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 28.66% during the next five years compared to -18.18% drop over the previous five years of trading.
Wolfspeed Inc (NYSE: WOLF) Trading Performance Indicators
Take a look at Wolfspeed Inc’s (WOLF) current performance indicators. Last quarter, stock had a quick ratio of 2.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.68, a number that is poised to hit -0.82 in the next quarter and is forecasted to reach -2.23 in one year’s time.
Technical Analysis of Wolfspeed Inc (WOLF)
Let’s dig in a bit further. During the last 5-days, its volume was 15.44 million. That was inferior than the volume of 18.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 60.88%. Additionally, its Average True Range was 0.61.
During the past 100 days, Wolfspeed Inc’s (WOLF) raw stochastic average was set at 11.89%, which indicates a significant decrease from 67.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.05% in the past 14 days, which was lower than the 155.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.89, while its 200-day Moving Average is $14.28. However, in the short run, Wolfspeed Inc’s stock first resistance to watch stands at $6.34. Second resistance stands at $6.49. The third major resistance level sits at $6.72. If the price goes on to break the first support level at $5.96, it is likely to go to the next support level at $5.73. The third support level lies at $5.58 if the price breaches the second support level.
Wolfspeed Inc (NYSE: WOLF) Key Stats
The company with the Market Capitalisation of 961.42 million has total of 127,713K Shares Outstanding. Its annual sales at the moment are 807,200 K in contrast with the sum of -864,200 K annual income. Company’s last quarter sales were recorded 180,500 K and last quarter income was -372,200 K.
