What You Need To Know About Wolfspeed Inc. (WOLF)

Wolfspeed Inc. (NYSE:WOLF) finished Friday with a subtraction of -$1.56 to close at $89.44, a downside of -1.71 percent. An average of 1,037,880 shares of common stock have been traded in the last five days. There was a gain of $4.20 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,087,745 shares traded, while the 50-day average volume stands at 1,467,746.

WOLF stock has increased by 3.12% in the last month. The company shares reached their 1-month lowest point of $79.01 on 10/05/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $60.56 and a high of $129.90 in 52 weeks. It has reached a new high 5 times so far this year and lost -15.54% or -$16.46 in price. In spite of this, the price is down -31.15% from the 52-week high.

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Valuation Metrics

Wolfspeed Inc. (WOLF) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 38.99 for the sector. In the last five years, Wolfspeed Inc.’s PE ratio has ranged between 879.94 and 670.43. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 20.32, the price-to-book (PB) ratio at 4.75.

The quick ratio of Wolfspeed Inc. for the recent quarter was 2.90, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.40 for the recent quarter. Wolfspeed Inc.’s EBITDA margin is -17.35%, while its operating margin for the same period stands at -59.90%. Its gross profit as reported stood at $164.6 million compared to revenue of $525.6 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wolfspeed Inc.’s return on assets was -15.90%. For the broader industry, ROE averaged -0.25 over the past year.

Earnings Surprise

For the recent quarter, Wolfspeed Inc. had $390.92 million in total debt. In the quarter under review, the net income was down than the previous quarter. Shareholders own equity worth $115.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wolfspeed Inc. (WOLF) price momentum. RSI 9-day as of the close on 22 October was 57.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.12%.

As of today, WOLF’s price is $90.38 +4.93% or $4.20 from its 5-day moving average. WOLF is currently trading +5.52% higher than its 20-day SMA and -10.32% lower than its 100-day SMA. However, the stock’s current price level is -2.45% below the SMA50 and -22.53% below the SMA200.

The stochastic %K and %D were 74.76% and 82.24%, respectively, and the average true range (ATR) was 3.31. With the 14-day stochastic at 69.58% and the average true range at 3.25, the RSI (14) stands at 56.31%. The stock has reached 2.01 on the 9-day MACD Oscillator while the 14-day reading was at 3.72.

Analyst Ratings

The consensus rating for Wolfspeed Inc. (WOLF) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WOLF, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is WOLF’s price target for the next 12 months?

Analysts predict a range of price targets between $70.00 and $150.00, with a median target of $92.50. Taking a look at these predictions, the average price target given by analysts for Wolfspeed Inc. (WOLF) stock is $100.25.


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