Stocks of Wolfspeed Inc (NYSE:WOLF) traded higher last session on Wall Street, down -4.40% to $22.59.
WOLF stock price is now -10.92% away from the 50-day moving average and -25.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
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On May 02, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $40 to quote $25, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Riley Marvin, Director bought 1,866 shares of the company’s stock on May 28 ’24. The stock was bought for $50,481 at an average price of $27.05. Upon completion of the transaction, the Director now directly owns 13,297 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02 ’24, Director REPLOGLE JOHN B bought 10,000 shares of the business’s stock. A total of $260,358 was incurred on buying the stock at an average price of $26.04. This leaves the insider owning 96,788 shares of the company worth $2.19 million. A total of 1.65% of the company’s stock is owned by insiders.
During the past 12 months, Wolfspeed Inc has had a low of $20.63 and a high of $70.42. As of last week, the company has a debt-to-equity ratio of 5.66, a current ratio of 4.58, and a quick ratio of 3.97. The fifty day moving average price for WOLF is $25.3354 and a two-hundred day moving average price translates $30.2438 for the stock.
The latest earnings results from Wolfspeed Inc (NYSE: WOLF) was released for 2024-03-31. The net profit margin was -95.29% and return on equity was -37.52% for WOLF. The company reported revenue of $200.7 million for the quarter, compared to $192.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.21 percent.
