Cree, Inc. (NASDAQ:CREE) closed its last session at $35.7. The stock traded within a range of $34.55 and $37.43. The company operates in the Technology sector with a market capitalization of 3.52 Million. Trading volume for Cree, Inc. was 9.19 Million in its previous trading session. Currently, Cree, Inc. (NASDAQ:CREE) has an average volume of 1.85 Million.

Company Profile

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree’s market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

Analyst Views

Cree, Inc. (NASDAQ:CREE) received a Buy rating from 1 analysts. 0 analysts gave its stock an Outperform rating. 3 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Cree, Inc. (NASDAQ:CREE) touched its 1-Year High price of $37.43 on 10/31/17 and its 1-Year Low price of $20.50 on 08/23/17.

EPS & Financials

Cree, Inc. (NASDAQ:CREE) reported its EPS in the last quarter as $0.04/Share lagging the analyst estimate of $0.04/Share by a difference of $0. This showed a surprise of 0% in the last quarter earnings.

For the current quarter, 12 analysts are projecting a mean EPS of $0.01/share. According to their observations and findings, the stock could provide a high EPS of $0.02/share and a low EPS of $-0.01/share.

Analysts believe that the company has the potential to earn average revenue of $349.44 Million for the current quarter. According to their predictions high & low revenue estimates are 352.5 Million and 345 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Cree, Inc. (NASDAQ:CREE) has a 20-Day average volume of 3.48 Million. According to today’s trading volume Cree, Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 1.5 Percent and Institutional ownership of 93 Percent. The return on assets stands at 0%, Return on Equity currently is 0% and the Return on Investment value is -4.7%.

Cree, Inc. (NASDAQ:CREE) gross margin percentage stands at 29.1% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 14.12% with a 50-Day Simple Moving Average of 30.39 percent. As of today, the company has a SMA200 (200-day simple moving average) of 38.14 Percent. The Stock has YTD (year to date) performance of 35.28 percent.

The TTM operating margin for the company stands at 0%. The return on invested capital is at -4.7%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 38.14%, and has a solid year to date (YTD) performance of 35.28% which means that the stock is constantly adding to its value from the previous fiscal year end price.