Wolfspeed Inc (NYSE: WOLF) stock enjoyed a major increase of 20.8% on 10/11/24. The shares closed at $11.48. Moreover, exceptionally high trading volume at 209% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 33.3% during the last week.
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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Wolfspeed has a slightly negative Appreciation Score of 38 and a very low Power Rating of 2, leading to 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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