The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -33.58%.However, over the last six months, we can see a stronger performance of -12.82%. Over the last 30 days, the price of WOLF has fallen by 3.29%. And in the last five days, it has surged by 4.14%.
Wolfspeed Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $70.42 on 07/19/23 and a low of $23.54 for the same time frame on 02/26/24.
52-week price history of WOLF Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Wolfspeed Inc’s current trading price is -58.96% away from its 52-week high, while its distance from the 52-week low is 22.77%. The stock’s price range during this period has varied between$23.54 and $70.42. The Wolfspeed Inc’s shares, which operate in the Technology, saw a trading volume of around 4.57 million for the day, a figure considerably lower than their average daily volume of 4.7 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Wolfspeed Inc (WOLF) has experienced a quarterly decline of -30.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.64B and boasts a workforce of 4802 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 32.97, with a change in price of -3.38. Similarly, Wolfspeed Inc recorded 4,355,417 in trading volume during the last 100 days, posting a change of -10.47%.
WOLF’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for WOLF stands at 4.60. Similarly, the long-term debt-to-equity ratio is also 4.60.
WOLF Stock Stochastic Average
As of today, Wolfspeed Inc’s raw stochastic average for the last 50 days stands at 45.16%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 72.98%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 49.31% and 43.41%, respectively.
