Wolfspeed Inc (NYSE: WOLF) has reported a loss for its first fiscal quarter (ending September 30) of $-2.23 versus a loss $-0.99 for the same period a year ago — an increase of 125%. E.P.S. were $-5.80 for the latest four quarters through September 30 versus $-2.97 for the same period a year ago — an increase of 95%.
Recent Price Action
Wolfspeed Inc (NYSE: WOLF) stock closed at $13.71 on 11/6/24 after a very large increase of 6.5%. Trading volume in this advance was normal. The stock has declined -11.3% 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 F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Wolfspeed has a slightly negative Appreciation Score of 31 and a very low Power Rating of 2, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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