Additionally, the 36-month beta value for QRVO is 1.45. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for QRVO is 94.13M and currently, short sellers hold a 2.40% ratio of that float. The average trading volume of QRVO on October 11, 2024 was 1.39M shares.
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QRVO) stock’s latest price update
Qorvo Inc (NASDAQ: QRVO)’s stock price has decreased by -0.65 compared to its previous closing price of 102.16. However, the company has seen a -0.18% decrease in its stock price over the last five trading sessions. gurufocus.com reported 2024-10-07 that Qorvo, Inc. (QRVO, Financial) saw a notable drop in its stock price, falling by 1.99% to $99.97 per share. The trading volume reached 348,362 shares, with a turnover rate of 0.37% and a price fluctuation range of 1.27%.
QRVO’s Market Performance
QRVO’s stock has fallen by -0.18% in the past week, with a monthly drop of -5.29% and a quarterly drop of -17.35%. The volatility ratio for the week is 2.30% while the volatility levels for the last 30 days are 2.67% for Qorvo Inc The simple moving average for the last 20 days is -0.63% for QRVO stock, with a simple moving average of -7.22% for the last 200 days.
Analysts’ Opinion of QRVO
Many brokerage firms have already submitted their reports for QRVO stocks, with TD Cowen repeating the rating for QRVO by listing it as a “Hold.” The predicted price for QRVO in the upcoming period, according to TD Cowen is $125 based on the research report published on July 31, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see QRVO reach a price target of $142, previously predicting the price at $124. The rating they have provided for QRVO stocks is “Buy” according to the report published on July 31st, 2024.
Craig Hallum gave a rating of “Buy” to QRVO, setting the target price at $125 in the report published on February 01st of the current year.
QRVO Trading at -4.53% 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 -22.51% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares sank -3.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.28% lower at present.
During the last 5 trading sessions, QRVO fell by -0.18%, which changed the moving average for the period of 200-days by -9.86% in comparison to the 20-day moving average, which settled at $102.14. In addition, Qorvo Inc saw -9.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QRVO starting from Harrison Gina, who sale 689 shares at the price of $107.67 back on Sep 06 ’24. After this action, Harrison Gina now owns 21,601 shares of Qorvo Inc, valued at $74,185 using the latest closing price.
Harrison Gina, the Officer of Qorvo Inc, proposed sale 689 shares at $107.67 during a trade that took place back on Sep 06 ’24, which means that Harrison Gina is holding shares at $74,185 based on the most recent closing price.
Stock Fundamentals for QRVO
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.4 for the gross margin
The net margin for Qorvo Inc stands at -0.01. The total capital return value is set at 0.04. Equity return is now at value -0.72, with -0.40 for asset returns.
Based on Qorvo Inc (QRVO), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 3.27.
Currently, EBITDA for the company is 685.15 million with net debt to EBITDA at 2.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 9.1for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
In conclusion, Qorvo Inc (QRVO) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
