At the time of writing, Qorvo Inc [QRVO] stock is trading at $104.28, up 0.27%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The QRVO shares have gain 2.74% over the last week, with a monthly amount glided 4.49%, and 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 October 11, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $120 from $130. Previously, TD Cowen reaffirmed its Hold rating on July 31, 2024, and elevated its price target to $125. On July 31, 2024, Craig Hallum reiterated its Buy rating and revised its price target to $142 on the stock. Craig Hallum reiterated its Buy rating and increased its price target to $125 on February 01, 2024. Piper Sandler downgraded its rating to a Neutral but $120 remained the price target by the analyst firm on January 04, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on December 08, 2023, and upped its price target to $134. In a note dated November 02, 2023, Summit Insights downgraded an Hold rating on this stock.
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 $125.85 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $104.28 at the most recent close of the market. An investor can expect a potential return of 20.68% 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 103.60 points at the first support level, and at 102.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.61, and for the 2nd resistance point, it is at 106.93.
Ratios To Look Out For
It is important to note that Qorvo Inc [NASDAQ:QRVO] has a current ratio of 1.95. In addition, the Quick Ratio stands at 1.36 and the Cash Ratio stands at 0.89. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 2.84.
Transactions by insiders
Recent insider trading involved Harrison Gina, VP and Corporate Controller, that happened on Sep 06 ’24 when 689.0 shares were sold. Officer, Harrison Gina completed a deal on Sep 06 ’24 to buy 689.0 shares. Meanwhile, Officer FEGO PAUL J bought 2500.0 shares on Sep 03 ’24.
