How to Buy Wolfspeed Stock
Wolfspeed Inc
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally.
Wolfspeed stock last closed at $9.58, up 7.4% from the previous day, and has decreased 73.57% in one year. It has underperformed other stocks in the Semiconductors industry by 0.89 percentage points. Wolfspeed stock is currently +57.05% from its 52-week low of $6.10, and -79.8% from its 52-week high of $47.43.
At the moment, there are 127.71M WOLF shares outstanding. The market cap of WOLF is $1.22B. In the past 24 hours, 7.62M WOLF shares were traded.
How to Buy Wolfspeed Stock
Not sure how to invest in Wolfspeed stock? Here's how.
- Choose where to buy Wolfspeed stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Wolfspeed stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Wolfspeed stock: The Wolfspeed ticker symbol is WOLF. Is Wolfspeed stock a good investment? Should you buy shares of WOLF? How do WOLF's underlying business fundamentals look? Do top analysts think Wolfspeed is a good buy? Why has WOLF's stock price moved recently? (Hint: Our stock analysis website can help you decide if WOLF is a good stock to buy).
- Execute your WOLF trade: Decide if you will purchase WOLF shares at the current market price or use a limit order to buy WOLF shares at a specific price.
- Watch your WOLF investment: Create a watchlist to track your new investment in Wolfspeed shares.
Step 1: Choose where to buy Wolfspeed stock
You need a brokerage account in order to access the NYSE market and buy WOLF stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in WOLF today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on investing apps, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Research Wolfspeed stock
After you have figured out the best place to buy Wolfspeed stock, it's crucial to analyze their stock before you buy, so you truly wrap your head around the risk and opportunity.
Wolfspeed shares data
Wolfspeed Fundamentals
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on WOLF's stock page.
Is WOLF stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge WOLF's fair value.
Using relative valuations metrics:
- WOLF may be undervalued based on its P/B ratio of 1.95x, relative to Semiconductors industry P/B ratio of 9.81x
You can access additional valuation research on WOLF's stock here.
A quick look at WOLF Financials
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the WOLF balance sheet.
Negative Financial Indicators:
- Total WOLF debt is higher than 5 years ago, relative to shareholder equity.
- WOLF has cash burn of 2797900000. It does not have enough cash and short-term investments to cover this.
- WOLF has a relatively high debt to equity ratio of 11.5.
- There are more long-term liabilities than short-term assets on the WOLF balance sheet.
- WOLF has $1.69B in cash and short term investments. This is not enough to cover its annual cash burn of $2.80B.
- WOLF profit margin has gone down from -91.2% to -93.3% in the past year.
Is it a good time to buy WOLF stock, according to Wall Street analysts?
Out of 12 Wall Street analysts who monitor WOLF, the consensus analyst rating on Wolfspeed is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent WOLF Analyst Recommendations
Christopher Rolland, a top 1% analyst from Susquehanna maintains WOLF with a hold rating and lowers their WOLF price target from $16.00 to $11.00, on Nov 7, 2024.
Harsh Kumar, a top 2% analyst from Piper Sandler reiterates WOLF with a strong buy rating and lowers their WOLF price target from $20.00 to $18.00, on Nov 7, 2024.
Joseph Moore, a top 3% analyst from Morgan Stanley maintains WOLF with a hold rating and raises their WOLF price target from $10.00 to $15.00, on Oct 16, 2024.
Morgan Stanley's Joseph Moore raised their price target on Wolfspeed (NYSE: WOLF) by 50% from $10 to $15 on 2024/10/16. The analyst maintained their Hold rating on the stock.
Moore said it is a "significant positive" that Wolfspeed has secured "$1.5B in capital," putting liquidity concerns to rest until 2026.
However, the company's execution is "paramount from here," the analyst cautioned investors.
Vivek Arya, a top 2% analyst from Bank of America maintains WOLF with a sell rating and lowers their WOLF price target from $25.00 to $15.00, on Aug 23, 2024.
Robert Sanders, a bottom 41% analyst from Deutsche Bank maintains WOLF with a hold rating and lowers their WOLF price target from $17.00 to $14.00, on Aug 22, 2024.
You can dig deeper into what analysts are saying on the Wolfspeed stock forecast page.
WOLF Trading Indicators
WOLF Performance Numbers
Last year, WOLF revenue was $804.50M. In the last five year, WOLF's revenue has grown by 9.68% per year. This was slower than the Semiconductors industry average of 39.7%.
Find out more about WOLF's earnings and revenue performance here.
Latest Insiders Trades at WOLF
Over the last year, executives and large shareholders at WOLF have bought more shares than they have sold.
Glenda Dorchak, Director of WOLF, was the latest WOLF insider to buy. They bought $29,921.36 worth of WOLF stock on Nov 22, 2024.
Learn more about who owns WOLF shares here.
Can I get consistent income from WOLF stock?
No, Wolfspeed doesn't provide an income stream by paying out dividends.
Get opinions from other traders
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Step 5: Execute your WOLF trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and your broker will place the order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Watch your WOLF investment
Now that you own some WOLF stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to see the latest developments about your WOLF stock.
WOLF Feed
How to Buy Stock in Wolfspeed
To summarize, here are the 6 steps to buy Wolfspeed stock:
- Choose where to buy Wolfspeed stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Wolfspeed stock
- Execute your WOLF trade
- Watch your WOLF investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Wolfspeed, hit the button below to create your watchlist.
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