Qorvo Inc [NASDAQ: QRVO] jumped around 3.48 points on Thursday, while shares priced at $90.57 at the close of the session, up 4.00%.
Compared to the average trading volume of 3.06M shares, QRVO reached a trading volume of 3604256 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $88.39 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 2.86. 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.
Morgan Stanley have made an estimate for Qorvo Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 21, 2025. While these analysts kept the previous recommendation, Loop Capital raised their target price to Hold. The new note on the price target was released on November 12, 2024, representing the official price target for Qorvo Inc stock. Previously, the target price had yet another drop from $125 to $85, while TD Cowen kept a Hold rating on QRVO stock.
The Average True Range (ATR) for Qorvo Inc is set at 2.82, with the Price to Sales ratio for QRVO stock in the period of the last 12 months amounting to 2.17. The Price to Book ratio for the last quarter was 2.51, 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 11.06 with Quick ratio for the last quarter at 1.38.
How has QRVO stock performed recently?
Qorvo Inc [QRVO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.13. With this latest performance, QRVO shares gained by 31.64% in over the last four-week period, additionally sinking by -27.63% over the last 6 months – not to mention a drop of -15.12% 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 81.98, with the RSI for the last a single of trading hit 87.96, and the three-weeks RSI is set at 74.40 for Qorvo Inc [QRVO]. The present Moving Average for the last 50 days of trading for this stock 71.15, while it was recorded at 84.61 for the last single week of trading, and 97.60 for the last 200 days.
Qorvo Inc [QRVO]: Deeper insight into the 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 analysis for Qorvo Inc [QRVO]
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%.
Insider trade positions for Qorvo Inc [QRVO]
There are presently around $101.44%, or 101.92%% 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%.
