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Wolfspeed (WOLF)
NYSE:WOLF
Wolfspeed (WOLF) Stock Price & Analysis
1,171 Followers
WOLF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$20.63 - $70.42
Previous Close$23.71
Volume5.87M
Average Volume (3M)4.56M
Market Cap
$2.98B
Enterprise Value$5.53B
Total Cash (Recent Filing)$2.64B
Total Debt (Recent Filing)$5.18B
Price to Earnings (P/E)-3.7
Beta1.94
Next Earnings
Aug 13, 2024EPS Estimate
-$0.78Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.41
Shares Outstanding125,854,819
10 Day Avg. Volume5,246,947
30 Day Avg. Volume4,562,606
Standard Deviation0.18
R-Squared0.25
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)3.96
Price to Sales (P/S)12.65
Price to Cash Flow (P/CF)-3.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.35
Enterprise Value/Gross Profit19.77
Enterprise Value/Ebitda-74.17
Forecast
1Y Price Target
$31.82Price Target Upside28.10% Upside
Rating ConsensusHold
Number of Analyst Covering13
Wolfspeed News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceWolfspeed Inc. is making ongoing and targeted progress on Mohawk Valley’s ramp, aiming for a 20% utilization rate by year-end which is expected to contribute to significant revenue growth.
Market ConfidenceDespite the lower guidance, the analyst maintains a Buy rating, indicating continued confidence in the company's performance.
Strategic DevelopmentIncreased visibility on CHIPS Act/DOE funding would be a positive catalyst for WOLF's stock.
Bears Say
Corporate StrategyAn activist shareholder, Jana, has requested WOLF to seek a sale or strategic alternatives, indicating potential governance issues or a lack of confidence in current management's strategy.
Financial SustainabilityHigh fixed cost structure and significant capital expenditures compared to expected sales raise concerns about WOLF's financial sustainability.
Market CompetitionIncreasing competition on both the material and device side remains a long-term pricing risk.
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Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
WOLF FAQ
What was Wolfspeed’s price range in the past 12 months?
Wolfspeed lowest stock price was $20.63 and its highest was $70.42 in the past 12 months.
What is Wolfspeed’s market cap?
Currently, no data Available
When is Wolfspeed’s upcoming earnings report date?
Wolfspeed’s upcoming earnings report date is Aug 13, 2024 which is in 90 days.
How were Wolfspeed’s earnings last quarter?
Wolfspeed released its earnings results on May 01, 2024. The company reported -$0.62 earnings per share for the quarter, beating the consensus estimate of -$0.634 by $0.014.
Is Wolfspeed overvalued?
According to Wall Street analysts Wolfspeed’s price is currently Undervalued.
Does Wolfspeed pay dividends?
Wolfspeed does not currently pay dividends.
What is Wolfspeed’s EPS estimate?
Wolfspeed’s EPS estimate is -$0.78.
How many shares outstanding does Wolfspeed have?
Wolfspeed has 125,854,820 shares outstanding.
What happened to Wolfspeed’s price movement after its last earnings report?
Wolfspeed reported an EPS of -$0.62 in its last earnings report, beating expectations of -$0.634. Following the earnings report the stock price went down -9.766%.
Which hedge fund is a major shareholder of Wolfspeed?
Among the largest hedge funds holding Wolfspeed’s share is PRIMECAP Management Co. It holds Wolfspeed’s shares valued at 83M.
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Wolfspeed Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Hold
Average Price Target:
$31.82 (28.10% Upside)
$31.82 (28.10% Upside)
Blogger Sentiment
Neutral
WOLF Sentiment 58%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 134.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 6.0%
Last 30 Days ▲ 6.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-40.85%
12-Months-Change
Fundamentals
Return on Equity
-37.52%
Trailing 12-Months
Asset Growth
41.09%
Trailing 12-Months
Company Description
Wolfspeed
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. It operates through the following segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment products consists of silicon carbide (SiC) and gallium nitride (GaN) materials, power devices and RF devices based on silicon (Si) and wide bandgap semiconductor materials. The LED Products segment includes LED chips, LED components and SiC materials. The Lighting Products segment consists of LED lighting systems and bulbs for the commercial, industrial and consumer markets. The Power and RF Products segment includes power devices and RF devices. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.
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WOLF Earnings Call
Q3 2024
0:00 / 0:00
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WOLF Stock 12 Month Forecast
Average Price Target
$31.82
▲(28.10% Upside)
Technical Analysis
Best Analysts Covering WOLF
1 Year
1 Year Success Rate
14/23 ratings generated profit
1 Year Average Return
+3.87%
reiterated a buy rating 7 months ago
Copying Craig Irwin's trades and holding each position for 1 Year would result in 60.87% of your transactions generating a profit, with an average return of +3.87% per trade.
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