The stock of Qorvo Inc. (QRVO) has gone down by -0.77% for the week, with a 5.01% rise in the past month and a -6.34% drop in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are 3.19% for QRVO.. The simple moving average for the past 20 days is 1.38% for QRVO’s stock, with a -0.64% simple moving average for the past 200 days.
Is It Worth Investing in Qorvo Inc. (NASDAQ: QRVO) Right Now?
The price-to-earnings ratio for Qorvo Inc. (NASDAQ: QRVO) is above average at 102.49x, while the 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 18 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Qorvo Inc. (QRVO) is $109.48, which is $14.32 above the current market price. The public float for QRVO is 99.28M, and currently, short sellers hold a 2.24% ratio of that floaft. The average trading volume of QRVO on May 26, 2023 was 1.24M shares.
QRVO) stock’s latest price update
Qorvo Inc. (NASDAQ: QRVO) has experienced a rise in its stock price by 0.58 compared to its previous closing price of 93.75. However, the company has seen a fall of -0.77% in its stock price over the last five trading days. The Wall Street Journal reported on 11/04/21 that Tesla, Moderna, Zillow, Qualcomm, Qorvo: What to Watch in the Stock Market Today
QRVO Trading at -0.66% from the 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, the company was unable to rebound, for now settling with -17.71% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +4.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.23% upper at present.
During the last 5 trading sessions, QRVO fell by -0.77%, which changed the moving average for the period of 200-days by -7.77% in comparison to the 20-day moving average, which settled at $93.20. In addition, Qorvo Inc. saw 4.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QRVO starting from BRUGGEWORTH ROBERT A, who sale 11,218 shares at the price of $93.84 back on May 22. After this action, BRUGGEWORTH ROBERT A now owns 178,806 shares of Qorvo Inc., valued at $1,052,697 using the latest closing price.
FEGO PAUL J, the SVP, Global Operations of Qorvo Inc., sale 4,304 shares at $95.00 during a trade that took place back on May 18, which means that FEGO PAUL J is holding 33,070 shares at $408,880 based on the most recent closing price.
Stock Fundamentals for QRVO
Current profitability levels for the company are sitting at:
- +5.13 for the present operating margin
- +36.34 for the gross margin
The net margin for Qorvo Inc. stands at +2.89. Equity return is now at value 15.80, with 9.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.65.
Conclusion
In a nutshell, Qorvo Inc. (QRVO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
