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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$7.28 - $47.43
Previous Close$16.01
Volume18.11M
Average Volume (3M)10.69M
Market Cap
$2.06B
Enterprise Value$6.05B
Total Cash (Recent Filing)$2.17B
Total Debt (Recent Filing)$6.17B
Price to Earnings (P/E)―
Beta2.67
Next Earnings
Oct 30, 2024EPS Estimate
-$1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.88
Shares Outstanding126,869,367
10 Day Avg. Volume19,771,977
30 Day Avg. Volume10,693,858
Standard Deviation0.18
R-Squared0.19
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)2.30
Price to Sales (P/S)2.55
Price to Cash Flow (P/CF)-2.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.50
Enterprise Value/Gross Profit78.20
Enterprise Value/Ebitda-17.57
Forecast
1Y Price Target
$17.18Price Target Upside7.31% Upside
Rating ConsensusHold
Number of Analyst Covering15
Wolfspeed News
PremiumThe Fly
Wolfspeed rises 23.3%
Bulls Say, Bears Say
Bulls Say
Funding And LiquidityWolfspeed announced that it was able to cobble together $1.5B in funding — ½ from the Commerce Department (CHIPS Act) and ½ from a group of top-notch investors.
Product Quality And Market PositionThe company’s 'auto-grade' SiC substrates offer superior quality and yields — factors that make its position in most high-voltage applications difficult to displace.
Revenue GrowthEV device revenue was up >100% YOY despite a slower EV market, and revenue here is expected to increase +300% YOY in September.
Bears Say
Competition And Market PressureConsistent concerns are expressed over the potential commoditization of silicon carbide and the increased presence of Chinese-made materials and devices in the market.
Financial Performance And ValuationWOLF is considered overvalued compared to its peer group, with significant challenges like high debt and low profitability.
Operational Challenges And Market DemandSimply put WOLF’s business plan and expensive fabs were conceived for a strong EV market and high market share, which just does not exist in this current macro environment.
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Ownership Overview
1.03% Insiders
42.69% Mutual Funds
1.45% Other Institutional Investors
25.21% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WOLF FAQ
What was Wolfspeed’s price range in the past 12 months?
Wolfspeed lowest stock price was $7.28 and its highest was $47.43 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 27 days ago.
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.
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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9
10
Analyst Consensus
Hold
Average Price Target:
$17.18 (7.31% Upside)
$17.18 (7.31% Upside)
Blogger Sentiment
Bullish
WOLF Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 670.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 20.1%
Last 30 Days ▲ 25.3%
Last 30 Days ▲ 25.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-53.29%
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
$17.18
▲(7.31% Upside)
Technical Analysis
Best Analysts Covering WOLF
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+23.11%
reiterated a sell rating last month
Copying Vivek Arya's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +23.11% per trade.
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