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Last Price: 23.77 - Change: -1.51 - Change %: -5.9731
02/23/2024 16:10:00 EST

Wolfspeed Inc (WOLF)

Industry: Semiconductors

Price Support Resistance

In the past 20 trading days, WOLF has been trading in a range between $35.32 and $25.28 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Wolfspeed Inc (WOLF) entered a Red zone 32 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $53.53, a potential upside of 125.2% from the recent price of 23.77. Our AI powered stock target predictor currently has a target price of $-71.47 a potential move of -401%. The stock is trading 226.97% (potential upside) below its 52 week high of $77.72 and 0.3 % (potential downside) above its 52 week low of $23.70 - based on the recent price.

Company Summary

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

WOLF Website

News

3 Semiconductor Stocks That Could Be Multibaggers in the Making: February Edition
Valued at $591.8 billion in 2022, the global semiconductor market is expected to reach $1.88 trillion by 2032, exhibiting a CAGR of 12.28%. The rising penetration of digital technologies largely propels this growth, rapid adoption of AI and growing demand in the industrial and automotive industries have largely propelled this growth.
Source: InvestorPlace
Thu, 22 Feb 2024 12:15:26 -0500
Sentiment: Positive
3 Millionaire-Maker Technology Stocks
Snowflake expects to keep growing through the end of the decade. DigitalOcean is carving out a high-growth niche with its cloud services for small customers.
Source: The Motley Fool
Sun, 18 Feb 2024 11:23:00 -0500
Sentiment: Positive
Wolfspeed: Still Full Speed Ahead
Wolfspeed, Inc. remains bullish on the long-term demand for their silicon carbide products despite the recent pause in the EV revolution. The company signed another massive $2.1 billion in design-in wins leading to a cumulative total of $22.4 billion.
Source: Seeking Alpha
Thu, 15 Feb 2024 18:05:45 -0500
Sentiment: Positive
3 Sorry Semiconductor Stocks to Sell in February While You Still Can
If you are a public equities investor betting on the digital economy, semiconductor stocks would have to be in your portfolio. While many semiconductor stocks performed well last year, especially ones connected to the rise of artificial intelligence (AI), there were a number of semiconductor stocks to sell.
Source: InvestorPlace
Sun, 11 Feb 2024 16:00:00 -0500
Sentiment: Negative
Wolfspeed (WOLF) Reports Loss in Q2 Earnings, Revenues Up Y/Y
Wolfspeed's (WOLF) second-quarter fiscal 2024 results benefit from robust Power Products and Material Products revenues.
Source: Zacks Investment Research
Thu, 01 Feb 2024 12:41:11 -0500
Sentiment: Neutral
Instituions Institution %: 113.645
Last QTR Institution change: 779045

Insiders
Insiders %: 0.896
Insiders Purchases last QTR: 31016
Insiders Sales last QTR: 3000
Insiders Net last QTR: 28016

Analyst Ratings
Target Price: 53.53
Overall Rating: 3.6111
Strong Buys (5): 5
Buys (4): 3
Holds (3): 8
Sells (2): 2
Strong Sells (1): 0

Technicals
52 Week Hi: 77.72
52 Week Low: 23.71
Beta: 1.722
50 Day MA: 35.0996
200 Day MA: 42.9681

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.199
Forward PE: 1111.1111
Trailing PE: 0

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