Wolfspeed Inc (NYSE:WOLF) shares, rose in value, with the stock price up by 8.46% to the previous day’s close as strong demand from buyers drove the stock to $24.48.
Actively observing the price movement in the last trading, the stock closed the session at $22.57. Referring to stock’s 52-week performance, its high was $70.42, and the low was $21.85. On the whole, WOLF has fluctuated by -10.85% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WOLF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WOLF currently trading nearly -7.44% and -8.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.79, while the 7-day volatility ratio is showing 8.91% which for the 30-day chart, stands at 5.84%. Furthermore, Wolfspeed Inc (WOLF)’s beta value is 1.69, and its average true range (ATR) is 1.79.
A comparison of Wolfspeed Inc (WOLF) with its peers suggests the former has fared considerably weaker in the market. WOLF showed an intraday change of 8.46% in last session, and over the past year, it shrunk by -59.00%%.
Data on historical trading for Wolfspeed Inc (NYSE:WOLF) indicates that the trading volumes over the past 3 months, they’ve averaged 4.86 million. According to company’s latest data on outstanding shares, there are 124.79 million shares outstanding.
Nearly 2.05% of Wolfspeed Inc’s shares belong to company insiders and institutional investors own 109.61% of the company’s shares. The stock has fallen by -43.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WOLF stock heading into the next quarter.
