At the time of writing, Qorvo Inc [QRVO] stock is trading at $107.08, up 6.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QRVO shares have lost -3.23% over the last week, with a monthly amount drifted -14.30%, 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 July 31, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $125 from $110. Previously, Craig Hallum reaffirmed its Buy rating on July 31, 2024, and elevated its price target to $142. On February 01, 2024, Craig Hallum reiterated its Buy rating and revised its price target to $125 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $120 on January 04, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $134 on December 08, 2023. Summit Insights downgraded its rating to Hold for this stock on November 02, 2023. In a note dated October 10, 2023, Citigroup downgraded an Sell rating on this stock and revised its target price from $116 to $78.
For the past year, the stock price of Qorvo Inc fluctuated between $80.62 and $130.99. Currently, Wall Street analysts expect the stock to reach $126.8 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $107.08 at the most recent close of the market. An investor can expect a potential return of 18.42% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
According to Qorvo Inc [NASDAQ:QRVO], the company’s sales were 4.01B for trailing twelve months, which represents an 36.17% jump. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
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 103.19 points at the first support level, and at 99.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.43, and for the 2nd resistance point, it is at 111.77.
Ratios To Look Out For
It is important to note that Qorvo Inc [NASDAQ:QRVO] has a current ratio of 1.95. As well, the Quick Ratio is 1.36, while the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 2.92.
Transactions by insiders
Recent insider trading involved CREVISTON STEVEN E, SVP, Connectivity & Sensors, that happened on Jun 17 ’24 when 3000.0 shares were sold. VP and Corporate Controller, Harrison Gina completed a deal on Jun 12 ’24 to sell 210.0 shares. Meanwhile, President and CEO BRUGGEWORTH ROBERT A sold 15279.0 shares on Jun 06 ’24.
