Wolfspeed Inc. (NYSE:WOLF) traded today at a new 52-week high of $141.41. So far today approximately 244,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Potential upside of 28.4% exists for Wolfspeed Inc., based on a current level of $139.50 and analysts’ average consensus price target of $179.07.
Over the past year, Wolfspeed Inc. has traded in a range of $64.12 to $141.41 and is now at $139.50, 118% above that low.
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
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