Qorvo Inc. (NASDAQ:QRVO) saw an upside of 0.52% on Friday at $168.07 after adding $0.88. The 5-day average trading volume is 961,045 shares of the company’s common stock. It has gained $176.92 in the past week and touched a new high 1 time within the past 5 days. An average of 963,281 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 840,240.
QRVO’s 1-month performance is -11.08% or -$17.53 on its low of $165.34 reached on 10/01/21. The company’s shares have touched a 52-week low of $124.56 and high of $201.68, with the stock’s rally to the 52-week high happening on 04/29/21. YTD, QRVO has achieved 0.55% or $2.26 and has reached a new high 12 times. However, the current price is down -16.67%% from the 52-week high price.
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On Sep 16, 15 days have gone by since the last insider trading activity for Qorvo Inc. (QRVO). Nelson Roderick (Director) most recently sold 1,587 shares at $180.00 per share on Sep 16. This transaction cost the insider $285,660. VP and Pres. Infra. & Defense, Klein James L, sold 1,909 shares at a price of $182.26 on Sep 15. Then, on Sep 15, VP, Global Operations FEGO PAUL J sold 2,798 shares at a price of $182.26 per share. This transaction amounted to $509,963.
The company’s PE ratio for the last five years has touched a high of 431.95 and a low of 20.82. QRVO stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.29 while the price-to-book (PB) in the most recent quarter is 4.03, with the price to cash flow ratio at 15.41.
Qorvo Inc.’s quick ratio for the period ended June 29 was 2.60, with the current ratio over the same period at 3.40 meaning that QRVO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 48.50%The trailing 12-month EBITDA margin is 34.69% while for the period ending June 29; Qorvo Inc.’s operating margin was 24.20%. The firm’s gross profit as reported stood at $1.88 billion against revenue of $4.02 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Qorvo Inc.’s return on assets over the past 12 months stands at 12.60%. Return on investment over the past year is 12.00%, while its return on equity (ROE) trailing 12 months is 20.30%. In comparison, the average ROE for the broader industry over the past year is 9.04.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected QRVO to announce $2.45 per share in earnings in its latest quarter, but it posted $2.83, representing a 15.50% surprise. EBITDA for the quarter stood at more than $386.93 million. QRVO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.62 billion, with total debt at $1.75 billion. Shareholders hold equity totaling $111.14 million
Let’s look briefly at Qorvo Inc. (QRVO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 31.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.07%.
The stock’s 5-day moving average is $170.55, reflecting a -3.17% or -$5.52 change from its current price. QRVO is currently trading -9.34% above its 20-day SMA, -2.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.95% and +6.34% respectively.
Stochastic %K and %D was 10.40% and 16.96% and the average true range (ATR) pointed at 4.19. The RSI (14) points at 32.96%, while the 14-day stochastic is at 17.52% with the period’s ATR at 4.17. The stock’s 9-day MACD Oscillator is pointing at -3.17 and -5.25 on the 14-day charts.
Analysts offering their rating for QRVO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate QRVO as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is QRVO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $185.00 and a high of $250.00, with their median price target at $220.00. Looking at these predictions, the average price target given by analysts is for Qorvo Inc. (QRVO) stock is $220.29.