A share price of Qorvo Inc [QRVO] is currently trading at $65.66, down -0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The QRVO shares have gain 0.09% over the last week, with a monthly amount drifted -34.86%, 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 November 12, 2024, when Loop Capital initiated its Hold rating and assigned the stock a price target of $73. Previously, TD Cowen reaffirmed its Hold rating on October 30, 2024, and dropped its price target to $85. On October 30, 2024, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. Exane BNP Paribas downgraded its rating to a Neutral but $80 remained the price target by the analyst firm on October 30, 2024. In a note dated October 11, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $130 to $120.
Qorvo Inc experienced fluctuations in its stock price throughout the past year between $65.35 and $130.99. Currently, Wall Street analysts expect the stock to reach $115.55 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $65.66 at the most recent close of the market. An investor can expect a potential return of 75.98% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
Trailing Twelve Months sales for Qorvo Inc [NASDAQ:QRVO] were 3.95B which represents -5.16% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
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 64.66 points at the first support level, and at 63.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.98, and for the 2nd resistance point, it is at 68.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Qorvo Inc [NASDAQ:QRVO] is 1.90. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 1.82.
Transactions by insiders
Recent insider trading involved Chesley Philip, SVP, High Performance Analog, that happened on Nov 15 ’24 when 1565.0 shares were sold. Officer, Chesley Philip completed a deal on Nov 15 ’24 to buy 1565.0 shares. Meanwhile, VP and Corporate Controller Harrison Gina sold 689.0 shares on Sep 06 ’24.
