Market Analysts see Wolfspeed Inc. [WOLF] gaining to $140. Time to buy?
Wolfspeed . Company [NYSE: WOLF] It traded at the lowest level on 22/09/22, recording a loss of -8.57 after which it closed the day’s session at $109.83. Company report on September 9, 2022 Wolfspeed selects North Carolina for the world’s largest facility for silicon carbide materials.
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Wolfspeed to increase material capacity by more than 10x.
Our silicon carbide materials manufacturing facility is located in Chatham County, strategically located near the Durham Raw Materials Plant.
The results of the trading session contributed to the circulation of more than 5002529 shares. Over the past week, Wolfspeed Inc’s price volatility was at 6.47% while last month’s volatility was at 5.12%.
WOLF stock has a market capitalization of $13.27 billion, with 123.73 million shares outstanding and 123.41 million shares in current float. Compared to an average trading volume of 2.08 million shares, WOLF reached a trading volume of 5,025,529 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Wolfspeed Inc. [WOLF]?
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for WOLF stock is $116.22 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on WOLF stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Canaccord Genuity has made an appreciation for the shares of Wolfspeed Inc. , retaining their opinion of the stock as Buy, with their previous recommendation back on September 21, 2022. While these analysts held the previous recommendation, Evercore ISI raised its target price to Outperform. The new note about price target was released on September 13, 2022, which is the official target price for Wolfspeed Inc.’s stock. Previously, the target price had had another increase from $100 to $125, while Quinn retained the Outperform rating on WOLF stock. On June 24, 2022, analysts lowered their target price for WOLF stock from 125 to 108.
The Average True Range (ATR) is set for Wolfspeed Inc. at 6.66, with a price-to-sales ratio for WOLF stock in the last twelve months of 17.78. The price-to-book ratio for the fourth quarter was 5.57, with the price-to-cash-to-cash ratio for the same quarter set at 9.92.
How has WOLF stock been performing lately?
Wolfspeed . Company [WOLF] It fell into the red at the end of last week, fell in a negative direction and fell by -6.10. With this latest performance, Wolff shares are down -1.94% over the past four-week period, as well as down 6.11% over the past six months — not to mention a 27.12% rise in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for WOLF stock for the past two weeks is set at 49.46, with the RSI for the last one trading at 41.67, and the three-week RSI for Wolfspeed Inc. is set at 53.49. [WOLF]. The current moving average of the last 50 trading days for this stock is 98.65 while it recorded at 118.33 for the last trading week, and 94.45 for the last 200 days.
Wolfspeed . Company [WOLF]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, Wolfspeed Inc. [WOLF] The equity’s current operating margin is -22.00 and the gross margin is +31.59. Wolfspeed Inc. reported net margin. Currently at -39.55.
The return on equity for this stock fell to -12.95, with the return on assets remaining at -8.01.
Wolfspeed Inc.’s liquidity data is Interesting too, with the quick ratio at 4.00 and the current ratio at 4.50.
Business Insider Positions for Wolfspeed Inc. [WOLF]
There are currently approximately $14.320 million in the hands of institutional investors. The three largest owners of WOLF stock are: BLACKROCK INC. With ownership of 16,327,160, which represents approximately -0.637% of the company’s market capitalization and about 0.80% of the total institutional ownership; Global Investors Capital Research, owning 13,790,979 shares with an approximate value of $1.5 billion in Wolf and Wolf stock; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.32 billion in WOLF stock with ownership of approximately 1.181% of the company’s market value.
Positions in the shares of Wolfspeed Inc. have increased. held by institutional investors at the end of August and at the time of the August report, as 214 institutional owners consolidated their positions in Wolfspeed Inc. [NYSE:WOLF] About 7,490,895 shares. In addition, the number of 218 investors decreased by about 7,267,822 shares, while 76 investors held positions with 115,621,470 shares. The said changes put institutional holdings at 130,380,187 shares, according to the latest report from the Securities and Exchange Commission. Wolff had 69 new institutional investors for a total of 2,837,416 shares, while 76 institutional investors sold positions worth 2,361,993 shares during the same period.