Qorvo Inc [NASDAQ: QRVO] closed the trading session at $67.87.
The stocks have a year to date performance of -39.73 percent and weekly performance of 2.37 percent. The stock has been moved at -29.93 percent over the last six months. The stock has performed -32.29 percent around the most recent 30 days and changed -41.25 percent over the most recent 3-months.
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If compared to the average trading volume of 1.59M shares, QRVO reached to a volume of 3629977 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Qorvo Inc [QRVO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QRVO shares is $89.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QRVO stock is a recommendation set at 2.96. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Loop Capital have made an estimate for Qorvo Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 12, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $125 to $85. The new note on the price target was released on October 30, 2024, representing the official price target for Qorvo Inc stock.
The Average True Range (ATR) for Qorvo Inc is set at 2.68, with the Price to Sales ratio for QRVO stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 11.60. Price to Free Cash Flow for QRVO in the course of the last twelve months was 8.29 with Quick ratio for the last quarter at 1.38.
QRVO stock trade performance evaluation
Qorvo Inc [QRVO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.37. With this latest performance, QRVO shares dropped by -32.29% in over the last four-week period, additionally sinking by -29.93% over the last 6 months – not to mention a drop of -27.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QRVO stock in for the last two-week period is set at 26.44, with the RSI for the last a single of trading hit 30.89, and the three-weeks RSI is set at 26.91 for Qorvo Inc [QRVO]. The present Moving Average for the last 50 days of trading for this stock 90.85, while it was recorded at 66.35 for the last single week of trading, and 106.01 for the last 200 days.
Qorvo Inc [QRVO]: An insightful look at the core fundamentals
Qorvo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.38 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Qorvo Inc [QRVO] stock
With the latest financial reports released by the company, Qorvo Inc posted 2.1/share EPS, while the average EPS was predicted by analysts to be reported at 1.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.44. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QRVO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qorvo Inc go to 17.30%.
Qorvo Inc [QRVO]: Institutional Ownership
There are presently around $91.42%, or 91.85%% of QRVO stock, in the hands of institutional investors. The top three institutional holders of QRVO stocks are: VANGUARD GROUP INC with ownership of 11.84 million shares, which is approximately 12.135%. BLACKROCK INC., holding 9.53 million shares of the stock with an approximate value of $$1.11 billion in QRVO stocks shares; and BLACKROCK INC., currently with $$533.44 million in QRVO stock with ownership which is approximately 4.7121%.
