On 8/1/24, Wolfspeed Inc (NYSE: WOLF) stock suffered a major decline of -12.8%, closing at $16.43. Moreover, trading volume in this decline was exceptionally high at 220% of normal. The stock has declined -13.2% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WOLF is expected to continue to be a modest Value Builder.
Wolfspeed has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wolfspeed has a neutral Appreciation Score of 46 but a poor Power Rating of 20, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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