Qorvo Inc [QRVO] stock prices are down -1.80% to $88.94 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The QRVO shares have gain 20.86% over the last week, with a monthly amount glided 25.53%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Qorvo Inc [NASDAQ: QRVO] stock has seen the most recent analyst activity on January 21, 2025, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $106 from $90. Previously, Loop Capital started tracking the stock with Hold rating on November 12, 2024, and set its price target to $73. On October 30, 2024, TD Cowen reiterated its Hold rating and revised its price target to $85 on the stock. The Benchmark Company downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. Exane BNP Paribas downgraded its rating to Neutral for this stock on October 30, 2024, but kept the price target unchanged to $80.
The stock price of Qorvo Inc [QRVO] has been fluctuating between $64.54 and $130.99 over the past year. Currently, Wall Street analysts expect the stock to reach $96.13 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $88.94 at the most recent close of the market. An investor can expect a potential return of 8.08% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
The Qorvo Inc [NASDAQ:QRVO] reported sales of 3.95B for trailing twelve months, representing a drop of -5.16%. 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 87.82 points at the first support level, and at 86.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.70, and for the 2nd resistance point, it is at 92.46.
Ratios To Look Out For
It’s worth pointing out that Qorvo Inc [NASDAQ:QRVO]’s Current Ratio is 1.90. Further, the Quick Ratio stands at 1.38, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 2.47.
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.
