Wolfspeed Stock Price on December 31, 2023
| WOLF Stock | USD 9.58 0.66 7.40% |
Below is the normalized historical share price chart for Wolfspeed extending back to February 09, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Wolfspeed stands at 9.58, as last reported on the 1st of December, with the highest price reaching 9.77 and the lowest price hitting 8.75 during the day.
If you're considering investing in Wolfspeed Stock, it is important to understand the factors that can impact its price. Wolfspeed appears to be slightly risky, given 3 months investment horizon. Wolfspeed shows Sharpe Ratio of 0.059, which attests that the company had a 0.059% return per unit of risk over the last 3 months. By examining Wolfspeed's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Wolfspeed's Downside Deviation of 9.48, mean deviation of 6.73, and Market Risk Adjusted Performance of 0.0884 to validate if our risk estimates are consistent with your expectations.
At this time, Wolfspeed's Other Stockholder Equity is most likely to increase significantly in the upcoming years. The Wolfspeed's current Stock Based Compensation To Revenue is estimated to increase to 0.11, while Common Stock is projected to decrease to roughly 135.7 K. . The current Price To Sales Ratio is estimated to decrease to 3.33. The Wolfspeed's current Price Earnings Ratio is estimated to increase to -3.11. Wolfspeed Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of February 1993 | 200 Day MA 19.2759 | 50 Day MA 10.773 | Beta 1.461 |
Wolfspeed |
Sharpe Ratio = 0.059
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | WOLF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 10.01 actual daily | 89 89% of assets are less volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Wolfspeed is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wolfspeed by adding it to a well-diversified portfolio.
Price Book 1.9455 | Enterprise Value Ebitda (39.32) | Price Sales 1.5208 | Shares Float 126.6 M | Wall Street Target Price 13.9467 |
Wolfspeed Valuation on December 31, 2023
It is possible to determine the worth of Wolfspeed on a given historical date. On December 31, 2023 Wolfspeed was worth 45.33 at the beginning of the trading date compared to the closed value of 43.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wolfspeed stock. Still, in general, we apply an absolute valuation method to find Wolfspeed's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Wolfspeed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wolfspeed's related companies.
| Open | High | Low | Close | Volume | |
| 46.00 | 46.18 | 44.88 | 45.47 | 2,326,359 | |
12/29/2023 | 45.33 | 45.68 | 43.50 | 43.51 | 2,417,911 |
| 43.16 | 44.77 | 42.59 | 43.24 | 3,147,718 |
| Backtest Wolfspeed | | | Wolfspeed History | | | Wolfspeed Valuation | Previous | Next |
Wolfspeed Trading Date Momentum on December 31, 2023
| On January 02 2024 Wolfspeed was traded for 43.24 at the closing time. The top price for the day was 44.77 and the lowest listed price was 42.59 . The trading volume for the day was 3.1 M. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.62% . The trading price change against the current closing price is 7.10% . |
Wolfspeed Fundamentals Correlations and Trends
By evaluating Wolfspeed's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Wolfspeed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wolfspeed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wolfspeed Stock history
Wolfspeed investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Wolfspeed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wolfspeed will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Wolfspeed stock prices may prove useful in developing a viable investing in Wolfspeed
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 125.7 M | 95.5 M | |
| Net Loss | -296.9 M | -311.8 M |
Wolfspeed Quarterly Net Working Capital |
|
Wolfspeed Stock Technical Analysis
Wolfspeed technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Wolfspeed Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Wolfspeed cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Wolfspeed December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Wolfspeed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wolfspeed shares will generate the highest return on investment. By undertsting and applying Wolfspeed stock market strength indicators, traders can identify Wolfspeed entry and exit signals to maximize returns
Wolfspeed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wolfspeed's price direction in advance. Along with the technical and fundamental analysis of Wolfspeed Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wolfspeed to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (1.28) | |||
| Sortino Ratio | 0.0267 | |||
| Treynor Ratio | 0.0784 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Wolfspeed Stock analysis
When running Wolfspeed's price analysis, check to measure Wolfspeed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wolfspeed is operating at the current time. Most of Wolfspeed's value examination focuses on studying past and present price action to predict the probability of Wolfspeed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolfspeed's price. Additionally, you may evaluate how the addition of Wolfspeed to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |