Qorvo Inc [NASDAQ: QRVO] closed the trading session at $85.78.
The stocks have a year to date performance of 22.67 percent and weekly performance of -2.06 percent. The stock has been moved at -29.69 percent over the last six months. The stock has performed 19.97 percent around the most recent 30 days and changed -13.81 percent over the most recent 3-months.
If compared to the average trading volume of 3.20M shares, QRVO reached to a volume of 5045729 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 $89.78 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 2.79. 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.
Piper Sandler have made an estimate for Qorvo Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 27, 2025. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $90 to $106. The new note on the price target was released on January 21, 2025, representing the official price target for Qorvo Inc stock. Previously, the target price had yet another raise to $73, while Loop Capital analysts kept a Hold rating on QRVO stock. On October 30, 2024, analysts decreased their price target for QRVO shares from 125 to 85.
The Average True Range (ATR) for Qorvo Inc is set at 2.98, with the Price to Sales ratio for QRVO stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 2.38, 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 10.48 with Quick ratio for the last quarter at 1.38.
QRVO stock trade performance evaluation
Qorvo Inc [QRVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.06. With this latest performance, QRVO shares gained by 19.97% in over the last four-week period, additionally sinking by -29.69% over the last 6 months – not to mention a drop of -19.41% 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 66.84, with the RSI for the last a single of trading hit 66.40, and the three-weeks RSI is set at 63.78 for Qorvo Inc [QRVO]. The present Moving Average for the last 50 days of trading for this stock 72.27, while it was recorded at 88.00 for the last single week of trading, and 97.19 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
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 6.22%.
Qorvo Inc [QRVO]: Institutional Ownership
There are presently around $101.58%, or 102.06%% 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%.
