Cree Inc (NASDAQ:CREE) shares traded 1.03% up during most recent session to reach at the closing price of $51.12. The stock exchanged hands 730282 shares versus average trading capacity of 1.37 Million shares, yielding a market cap of $5.26 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $51.78 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cree Inc (NASDAQ:CREE) high price target of $61 and with a conservative view have low price target of $40.
JMP Securities “Downgrades” Cree Inc (NASDAQ:CREE) in a research note issued to investors on 1/29/19 to Market Perform with price target of $0.
Additionally on 11/30/18 JP Morgan “Downgrades” Cree Inc (NASDAQ:CREE) to Underweight setting price target at $35 and on 11/13/18 BMO Capital “Initiates Coverage On” the stock to Outperform at $55. Furthermore on 11/09/18 Goldman Sachs “Upgrades” the stock to Buy at $58.
On the other hand the company has Relative Strength Index (RSI 14) of 61.66 along with Average True Range (ATR 14) of 1.67, Consequently Cree Inc (NASDAQ:CREE)’s weekly and monthly volatility is 2.50%, 3.17% respectively. The company’s beta value is at 0.59.
In terms of Buy, Sell or Hold recommendations, Cree Inc (NASDAQ:CREE) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Cree Inc (NASDAQ:CREE)’s minimum EPS for the current quarter is at $0.14 and can go high up to $0.2. The consensus mean EPS for the current quarter is at $0.17 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.04 earnings per share for the same quarter during last year.
Previously Cree Inc (NASDAQ:CREE) reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company posted an earnings surprise of 35.3%.
Cree Inc (NASDAQ:CREE)’s revenue estimates for the current quarter are $396.02 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $407 Million in contradiction of low revenue estimates of $389.68 Million. For the current year the company’s revenue estimates are $1.63 Billion compared to low analyst estimates of $1.6 Billion and high estimates of $1.66 Billion according to 11 number of analysts.
Currently Cree Inc (NASDAQ:CREE)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -2.66%, as well as three-month change in the institutional ownership was recorded 0.51%.
Cree Inc (NASDAQ:CREE)’s trailing twelve month revenues are $1.59 Billion, whereas its price to sales ratio for the same period is 3.31. Its book value per share for the most recent quarter is $21.57 while its price to book ratio for the same period is 2.37, as for as the company’s cash per share for the most recent quarter is $7.03, however its price to cash per share ratio for the same period is 7.27. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.