Wolfspeed Inc (NYSE: WOLF) stock closed at $24.93 on 5/23/24 after a major decline of -10.3%. NORMAL trading volume accompanied the decline. The stock has declined -1.4% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Wolfspeed has a slightly negative Appreciation Score of 30 and a poor Power Rating of 22, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative 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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