Qorvo, Inc. (NASDAQ: QRVO) went down by -7.14% from its latest closing price when compared to the 1-year high value of $86.50, while QRVO stocks collected -9.37% of loss with the last five trading sessions.
Qorvo, Inc. (NASDAQ: QRVO) Worth an Investment?
Qorvo, Inc. (NASDAQ: QRVO) scored price to earnings ratio above its average ratio, recording 391.44 times of increase in earnings at the present.
QRVO Market Performance
QRVO stocks went down by -9.37% for the week, with the monthly drop of -13.03% and a quarterly performance of 5.32%, while its annual performance rate touched -14.97%. The simple moving average for the period of the last 20 days is -9.53% for QRVO stocks with the simple moving average of -3.95% for the last 200 days.
Analysts’ Opinion on Qorvo, Inc. (NASDAQ: QRVO)
Many brokerage firms have already submitted their reports for QRVO stocks, with Canaccord Genuity repeating the rating for QRVO shares by setting it to “Buy”. The predicted price for QRVO socks in the upcoming period according to Canaccord Genuity is $87 based on the research report published on May 8, 2019.
Craig Hallum, on the other hand, stated in their research note that they expect to see QRVO stock at the price of $85, previously predicting the value of $72. The rating they have provided for QRVO stocks is “Buy” according to the report published on May 8, 2019.
Cowen gave “Market Perform” rating to QRVO stocks, setting the target price at $75 in the report published on May 8, 2019.
QRVO Stocks -7.26% Far from 50 Day Moving Average
After a stumble in the market that brought QRVO to its low price for the period of the last 52 weeks, Qorvo, Inc. was unable to take a rebound, for now settling with -21.26% of loss for the given period.
The stock volatility was left at 2.67%, however, within the period of a single month, the volatility rate increased by 3.11%, while the shares sank at the distance of -11.04% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -1.39% lower at the present time.
In the course of the last 5 trading sessions, QRVO went down by -9.37%, which changed the moving average for the period of 200 days to the total of -15.74% of losses for the stock in comparison to the 20-day moving average settled at $74.86. In addition, Qorvo, Inc. saw 12.15% in overturn over the period of a single year with a tendency to cut further gains.
QRVO Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Qorvo, Inc. (QRVO), starting from Klein James L, who sold 1,914 shares at the price of $72.00 back on May 15. After this action, Rushing now owns 53,859 shares of Qorvo, Inc., valued at $137,808 with the latest closing price.
BRUGGEWORTH ROBERT A, the President and CEO of Qorvo, Inc., sold 25,831 shares at the value of $72.52 during a trade that took place back on May 14, which means that BRUGGEWORTH ROBERT A is holding 175,963 shares at the value of $1,873,382 based on the most recent closing price.
QRVO Stock Fundamentals
The current profitability levels are settled at +7.00 for the present operating margin and +38.67 for gross margin. The net margin for Qorvo, Inc. stands at +4.31. Total capital return value is set at 3.92, while invested capital returns managed to touch 2.41. Equity return holds the value -0.90%, with -0.70% for asset returns.
Based on Qorvo, Inc. (QRVO), the company’s capital structure generated 21.09 points for debt to equity in total, while total debt to capital is set at the value of 17.41. Total debt to assets is settled at the value of 15.83 with long-term debt to equity ratio rests at 21.09 and long-term debt to capital is 17.41.
The value for Enterprise to Sales is 3.05 with debt to enterprise value settled at 0.10. The receivables turnover for Qorvo, Inc. is 8.04 with the total asset turnover at the value of 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.87.