Earnings Report: Here’s what to expect from Cree Stock Forecast, Price & News (NASDAQ:CREE)

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Earnings results for Cree Stock Forecast, Price & News (NASDAQ:CREE)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.28 and remained the same over the past month at -0.28. none raised and none lowered their forecast. For the fiscal year ending Jun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.91 and remained the same over the past month at -0.91 . none raised and none lowered their forecast.

Analyst Opinion on Cree Stock Forecast, Price & News (NASDAQ:CREE)

14 Wall Street analysts have issued ratings and price targets for Cree in the last 12 months. Their average twelve-month price target is $56.31, predicting that the stock has a possible downside of 22.21%. The high price target for CREE is $82.00 and the low price target for CREE is $37.00. There are currently 2 sell ratings, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Cree has received a consensus rating of Hold. The company’s average rating score is 2.21, and is based on 5 buy ratings, 7 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $56.31, Cree has a forecasted downside of 22.2% from its current price of $72.38. Cree has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Cree Stock Forecast, Price & News (NASDAQ:CREE)

Cree does not currently pay a dividend. Cree does not have a long track record of dividend growth.

Insiders buying/selling: Cree Stock Forecast, Price & News (NASDAQ:CREE)

In the past three months, Cree insiders have not sold or bought any company stock. Only 0.36% of the stock of Cree is held by insiders. 96.06% of the stock of Cree is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cree Stock Forecast, Price & News (NASDAQ:CREE

Earnings for Cree are expected to grow in the coming year, from ($0.91) to ($0.78) per share. The P/E ratio of Cree is -27.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Cree is -27.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Cree has a P/B Ratio of 3.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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