Wolfspeed Inc (NYSE:WOLF) price on Wednesday, April 30, rose 2.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.55.
A look at the stock’s price movement, the close in the last trading session was $3.47, moving within a range at $3.2203 and $3.5799. The beta value (5-Year monthly) was 1.692. Turning to its 52-week performance, $30.86 and $2.06 were the 52-week high and 52-week low respectively. Overall, WOLF moved 16.01% over the past month.
Wolfspeed Inc’s market cap currently stands at around $552.28 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-28.
Analysts have a consensus estimate of 185.77M for the company’s revenue for the quarter, with a low and high estimate of 184M and 190M respectively. The average forecast suggests down to a -7.44% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 756.35M, representing a -6.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WOLF is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 6 recommend WOLF as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WOLF’s current price about 31.95% and -19.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.92, while 7-day volatility ratio is 19.38% and 14.30% in the 30-day chart. Further, Wolfspeed Inc (WOLF) has a beta value of 1.62, and an average true range (ATR) of 0.52. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -153.52% off current price level while to achieve the yearly target high, price needs to move -153.52%. Nonetheless, investors will most likely welcome a -153.52% jump to $9 which is the analysts’ median price.
If we refocus on Wolfspeed Inc (NYSE:WOLF), historical trading data shows that trading volumes averaged 29.16 over the past 10 days and 25.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 155.57 million shares.
The 0.97% of Wolfspeed Inc’s shares are in the hands of company insiders while institutional holders own 91.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 63.31 million on 2025-04-15, giving us a short ratio of 2.23. The data shows that as of 2025-04-15 short interest in Wolfspeed Inc (WOLF) stood at 6439.0 of shares outstanding, with shares short rising to 42.92 million registered in 2025-03-14. Current price change has pushed the stock -46.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WOLF stock continues to rise going into the next quarter.
