Qorvo Inc [QRVO] stock is trading at $109.95, down -1.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The QRVO shares have lost -3.03% over the last week, with a monthly amount drifted -1.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Qorvo Inc [NASDAQ: QRVO] stock has seen the most recent analyst activity on February 01, 2024, when Craig Hallum reiterated its Buy rating and also boosted its price target to $125 from $110. Previously, Piper Sandler downgraded its rating to Neutral on January 04, 2024, and kept the price target unchanged to $120. On December 08, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $134 on the stock. Summit Insights downgraded its rating to a Hold. Citigroup downgraded its rating to a Sell and reduced its price target to $78 on October 10, 2023. Exane BNP Paribas upgraded its rating to Outperform for this stock on August 03, 2023, but kept the price target unchanged to $135. In a note dated July 20, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $125 on this stock.
Qorvo Inc [QRVO] stock has fluctuated between $80.62 and $121.65 over the past year. Currently, Wall Street analysts expect the stock to reach $129.94 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $109.95 at the most recent close of the market. An investor can expect a potential return of 18.18% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
Qorvo Inc [NASDAQ:QRVO] reported sales of 3.46B for the trailing twelve months, which represents a growth of 44.48%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 109.06 points at the first support level, and at 108.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.26, and for the 2nd resistance point, it is at 112.57.
Ratios To Look Out For
For context, Qorvo Inc’s Current Ratio is 1.90. On the other hand, the Quick Ratio is 1.33, and the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 3.07, the price to book ratio is 2.92.
Transactions by insiders
Recent insider trading involved CREVISTON STEVEN E, SVP, Connectivity & Sensors, that happened on Mar 01 ’24 when 3000.0 shares were sold. SVP, High Performance Analog, Chesley Philip completed a deal on Feb 15 ’24 to sell 4253.0 shares. Meanwhile, SVP, Global Operations FEGO PAUL J sold 3027.0 shares on Feb 15 ’24.
