Wolfspeed Inc (NYSE: WOLF) stock closed at $9.21 on 9/26/24 after a major increase of 16.7%. Moreover, unusually high trading volume at 156% of normal accompanied the advance. The stock has risen 10.4% 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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Wolfspeed has a neutral Appreciation Score of 54 but a very low Power Rating of 1, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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