At the time of writing, Qorvo Inc [QRVO] stock is trading at $69.64, up 0.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QRVO shares have gain 1.38% over the last week, with a monthly amount glided 3.52%, 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 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.
For the past year, the stock price of Qorvo Inc fluctuated between $64.54 and $130.99. Currently, Wall Street analysts expect the stock to reach $101.56 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $69.64 at the most recent close of the market. An investor can expect a potential return of 45.84% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
According to Qorvo Inc [NASDAQ:QRVO], the company’s sales were 3.95B for trailing twelve months, which represents an -5.16% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 68.26 points at the first support level, and at 66.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.47, and for the 2nd resistance point, it is at 71.30.
Ratios To Look Out For
It is important to note that Qorvo Inc [NASDAQ:QRVO] has a current ratio of 1.90. As well, the Quick Ratio is 1.38, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 1.93.
Transactions by insiders
Recent insider trading involved Chesley Philip, SVP, High Performance Analog, that happened on Dec 05 ’24 when 4045.0 shares were sold. Officer, Chesley Philip completed a deal on Dec 05 ’24 to buy 4045.0 shares. Meanwhile, SVP, High Performance Analog Chesley Philip sold 1565.0 shares on Nov 15 ’24.
