Are Things Looking Up For Wolfspeed Inc (NYSE: WOLF)?

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Semiconductors industry segment. The current market capitalization of Wolfspeed Inc is $3.54B. A total of 2.09 million shares were traded on the day, compared to an average of 4.14M shares.

In the most recent transaction, Riley Marvin bought 1,866 shares of WOLF for 27.05 per share on May 28 ’24. After the transaction, the Director now owns 13,297 company shares. In a previous transaction on Feb 02 ’24, REPLOGLE JOHN B bought 10,000 shares at 26.04 per share. WOLF shares that Director owns now total 96,788.

Among the insiders who bought shares, JACKSON DARREN R acquired of 10,000 shares on Feb 02 ’24 at a per-share price of $25.80. This resulted in the Director holding 49,021 shares of WOLF after the transaction. In another insider transaction, Smith Stacy J bought 9,450 shares at $26.35 per share on Feb 02 ’24. Company shares held by the Director now total 17,464.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, WOLF has a high of $70.42 and a low of $20.63.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $8.13, while its Total Shareholder’s Equity was $2.44B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.65.

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