Wolfspeed Inc. (NYSE:WOLF) saw a downside of -0.60% to close Tuesday at $82.89 after subtracting -$0.5 on the day. The 5-day average trading volume is 911,400 shares of the company’s common stock. It has gained $86.30 in the past week. An average of 1,154,225 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,447,772.
WOLF’s 1-month performance is -6.70% or -$3.73 on its low of $79.01 reached on 10/05/21. The company’s shares have touched a 52-week low of $60.56 and high of $129.90, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, WOLF has lost -21.73% or -$23.01. However, the current price is down -36.19%% from the 52-week high price.
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Wolfspeed Inc. (WOLF) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 36.86 for the sector. The company’s PE ratio for the last five years has touched a high of 879.94 and a low of 670.43. WOLF stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.41 while the price-to-book (PB) in the most recent quarter is 4.40.
Wolfspeed Inc.’s quick ratio for the recent quarter was 2.90, with the current ratio over the same period at 3.30 meaning that WOLF stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 31.30%. The trailing 12-month EBITDA margin is -17.35% while Wolfspeed Inc.’s operating margin was -59.90%. The firm’s gross profit as reported stood at $209.93 million against revenue of $315.08 million.
Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $17.9 million. WOLF stock balance sheet for the recent quarter shows that total liabilities totaled 626.28 million, with total debt at $851.1 million
Let’s look briefly at Wolfspeed Inc. (WOLF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 47.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.14%.
The stock’s 5-day moving average is $83.43, reflecting a +0.01% or $0.01 change from its current price. WOLF is currently trading -5.88% above its 20-day SMA, -13.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.79% and -19.60% respectively.
Stochastic %K and %D was 51.97% and 55.09% and the average true range (ATR) pointed at 2.88. The RSI (14) points at 46.19%, while the 14-day stochastic is at 46.86% with the period’s ATR at 2.96. The stock’s 9-day MACD Oscillator is pointing at 1.10 and 0.58 on the 14-day charts.
Analysts offering their rating for WOLF stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate WOLF as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is WOLF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $150.00, with their median price target at $93.00. Looking at these predictions, the average price target given by analysts is for Wolfspeed Inc. (WOLF) stock is $101.08.