The leading market experts have placed a mean price target of $27.56 on Cree, Inc. (NASDAQ:CREE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.22 a share for the upcoming quarter and $0.88 for the current fiscal.
The technical analysis of Cree, Inc. plainly substantiates that the 50-day moving average of Cree, Inc. is $26.62, and stock is trading $1.16 points away or +4.38% from its 50-day moving average of $26.62. Further it is trading $1.10 or +4.11% away its 200-day moving average of $26.68. Cree, Inc. (NASDAQ:CREE) 52-week high is $32.92 and the 52-week low is $22.10.
This explains if the stock moves $-5.14, it will post a 52-week high. In event of +25.70% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Cree, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cree, Inc. (NASDAQ:CREE) ratio came in at N/A.
The stock last ended the trading session at $27.78 and registered a market cap of $2.79B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cree, Inc. (NASDAQ:CREE) PEG ratio is at 1.11.
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