Qorvo Inc [QRVO] stock is trading at $75.63, up 3.73%. 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 5.01% over the last week, with a monthly amount glided 0.48%, 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 27, 2025, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $110 from $85. Previously, Morgan Stanley upgraded its rating to Overweight on January 21, 2025, and elevated its price target to $106. On November 12, 2024, Loop Capital initiated with a Hold rating and assigned a price target of $73 on the stock. TD Cowen reiterated its Hold rating and decreased its price target to $85 on October 30, 2024. The Benchmark Company downgraded its rating to a Hold. Raymond James downgraded its rating to Mkt Perform for this stock on October 30, 2024. In a note dated October 30, 2024, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $80.
Qorvo Inc [QRVO] stock has fluctuated between $64.54 and $130.99 over the past year. Currently, Wall Street analysts expect the stock to reach $92 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $75.63 at the most recent close of the market. An investor can expect a potential return of 21.64% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
Qorvo Inc [NASDAQ:QRVO] reported sales of 3.79B for the trailing twelve months, which represents a drop of -14.67%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.02%, 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 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
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 73.43 points at the first support level, and at 71.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.85, and for the 2nd resistance point, it is at 78.06.
Ratios To Look Out For
For context, Qorvo Inc’s Current Ratio is 2.60. As well, the Quick Ratio is 1.78, while the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 267.34.
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.
