Wolfspeed Inc (NYSE: WOLF) has reported E.P.S. of $-1.39 for its fourth fiscal quarter (ending June 30) versus $-0.91 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-4.56 compared to $-2.65 a year ago.
Recent Price Action
Wolfspeed Inc (NYSE: WOLF) stock closed at $13.51 on 8/21/24 after a large increase of 2.6%. Moreover, unusually high trading volume at 173% of normal accompanied the advance. The stock has risen 7.2% during the last week but 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wolfspeed has a slightly positive Appreciation Score of 65 but a very low Power Rating of 4, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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