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Wednesday, December 6, 2023

There Is A Quest For Clarity Surrounding Wolfspeed Inc (NYSE: WOLF) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Wolfspeed Inc (WOLF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.36%, to $33.45. The Wolfspeed Inc has recorded 583,512 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2024.

Stocks Info

This NYSE-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $33.57 and fluctuated between $35.06 as its day high and $33.09 as its day low. The current market capitalization of Wolfspeed Inc is $4.21B. A total of 3.01 million shares were traded on the day, compared to an average of 3.43M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WOLF has seen 5 BUY and 3 SELL insider trades, representing the acquisition of 90,638 and the disposition of 35,575 shares. Over the last 12 months, there were 15 BUYs and 7 SELLs from insiders. Insiders purchased 179,429 shares during that period but sold 62,113.

In the most recent transaction, LE DUY LOAN T bought 5,000 shares of WOLF for 47.01 per share on Aug 23. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Apr 28, REPLOGLE JOHN B bought 10,566 shares at 47.54 per share. WOLF shares that Director owns now total 81,405.

Among the insiders who bought shares, LOWE GREGG A acquired of 5,450 shares on Apr 28 at a per-share price of $45.94. This resulted in the PRESIDENT & CEO holding 524,855 shares of WOLF after the transaction. In another insider transaction, LE DUY LOAN T bought 3,000 shares at $90.95 per share on Nov 18. Company shares held by the Director now total 5,000.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WOLF in the last 3 months, the mean price target is $44.47 with high estimates of $60.00 and low estimates of $27.00. In terms of 52-week highs and lows, WOLF has a high of $95.63 and a low of $27.35.

As of this writing, WOLF has an earnings estimate of $TeraWulf Inc. per share for the current quarter. EPS was calculated based on a consensus of Wolfspeed, Inc. estimates, with a high estimate of $Acushnet Holdings Corp. per share and a lower estimate of $Petco Health and Wellness Compa.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WOLF’s latest balance sheet shows that the firm has $1.20B in Cash & Short Term Investments as of fiscal 2022. There were $1.03B in debt and $388.50M in liabilities at the time. Its Book Value Per Share was $13.00, while its Total Shareholder’s Equity was $2.44B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WOLF is Buy with a score of 3.81.

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