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Wolfspeed (WOLF)
NYSE:WOLF
Holding WOLF?
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WOLF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.53 - $49.32
Previous Close$13.34
Volume6.90M
Average Volume (3M)4.90M
Market Cap
$1.69B
Enterprise Value$5.69B
Total Cash (Recent Filing)$2.17B
Total Debt (Recent Filing)$6.17B
Price to Earnings (P/E)―
Beta2.06
Next Earnings
Oct 30, 2024EPS Estimate
-$1.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.88
Shares Outstanding126,869,367
10 Day Avg. Volume9,763,008
30 Day Avg. Volume4,896,717
Standard Deviation0.18
R-Squared0.22
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.76
Price to Sales (P/S)2.10
Price to Cash Flow (P/CF)-1.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.05
Enterprise Value/Gross Profit73.49
Enterprise Value/Ebitda-16.52
Forecast
1Y Price Target
$20.36Price Target Upside66.20% Upside
Rating ConsensusHold
Number of Analyst Covering15
Wolfspeed News
PremiumThe Fly
Wolfspeed rises 13.8%
PremiumThe Fly
Wolfspeed rises 8.9%
Bulls Say, Bears Say
Bulls Say
Liquidity And FundingWolfspeed is in constructive discussions with the US CHIPS office on a preliminary memorandum of terms, which is promising for a material cash inflow.
Operational MilestonesWolfspeed announced key operational milestones for Mohawk Valley and Siler City, with positive steps coming to fruition in line with expectations.
Revenue GrowthEV device revenue was up over 100% year-over-year despite a slower EV market, and revenue here is expected to increase 300% year-over-year.
Bears Say
Financial PerformanceWOLF burnt over $2bn of FCF in FY24, with prospects for another $1.6bn FCF burn in FY25, as fab investments remain high near-term.
Market DemandIndustrial demand remains weak, and pressures GM, which for Sep Q guided to be only ~2% at midpoint, with only modest improvements for the rest of the year.
ProfitabilityGross margins have been trending down due to underutilization, industrial margin headwinds, and competition from China.
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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 $11.53 and its highest was $49.32 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 Oct 30, 2024 which is in 41 days.
How were Wolfspeed’s earnings last quarter?
Wolfspeed released its earnings results on Aug 21, 2024. The company reported -$0.89 earnings per share for the quarter, missing the consensus estimate of -$0.854 by -$0.036.
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 -$1.01.
How many shares outstanding does Wolfspeed have?
Wolfspeed has 126,869,370 shares outstanding.
What happened to Wolfspeed’s price movement after its last earnings report?
Wolfspeed reported an EPS of -$0.89 in its last earnings report, missing expectations of -$0.854. Following the earnings report the stock price went down -5.033%.
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 138M.
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Wolfspeed Stock Smart Score
Unlock Smart Score
1
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8
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10
Analyst Consensus
Hold
Average Price Target:
$20.36 (66.20% Upside)
$20.36 (66.20% Upside)
Blogger Sentiment
Bullish
WOLF Sentiment 77%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 670.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $50.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.9%
Last 30 Days ▼ 0.1%
Last 30 Days ▼ 0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-70.54%
12-Months-Change
Fundamentals
Return on Equity
-45.81%
Trailing 12-Months
Asset Growth
21.22%
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
Q4 2024
0:00 / 0:00
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WOLF Stock 12 Month Forecast
Average Price Target
$20.36
▲(66.20% Upside)
Technical Analysis
Best Analysts Covering WOLF
1 Year
1 Year Success Rate
15/24 ratings generated profit
1 Year Average Return
+1.51%
assigned a buy rating 29 days ago
Copying Craig Irwin's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +1.51% per trade.
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