Qorvo Inc (QRVO) concluded trading on Wednesday at a closing price of $119.80, with 3.8 million shares of worth about $455.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.49% during that period and on July 31, 2024 the price saw a gain of about 0.28%. Currently the company’s common shares owned by public are about 95.80M shares, out of which, 94.30M shares are available for trading.
Stock saw a price change of -0.20% in past 5 days and over the past one month there was a price change of 1.69%. Year-to-date (YTD), QRVO shares are showing a performance of 6.38% which increased to 8.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $80.62 but also hit the highest price of $130.99 during that period. The average intraday trading volume for Qorvo Inc shares is 1.47 million. The stock is currently trading -1.98% below its 20-day simple moving average (SMA20), while that difference is up 6.89% for SMA50 and it goes to 12.39% higher than SMA200.
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Qorvo Inc (NASDAQ: QRVO) currently have 95.80M outstanding shares and institutions hold larger chunk of about 91.34% of that.
The stock has a current market capitalization of $11.38B and its 3Y-monthly beta is at 1.46. It has posted earnings per share of -$0.29 in the same period. It has Quick Ratio of 1.36 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QRVO, volatility over the week remained 4.36% while standing at 3.28% over the month.
Stock’s fiscal year EPS is expected to drop by -1.15% while it is estimated to increase by 29.60% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on Aug-01-24 offering a Hold rating for the stock and assigned a target price range of between $110 and $125 to it. Coverage by Craig Hallum stated Qorvo Inc (QRVO) stock as a Buy in their note to investors on August 01, 2024, suggesting a price target of $142 for the stock. On February 01, 2024, Craig Hallum Reiterated their recommendations, while on January 04, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $120. Stock get an Overweight rating from Morgan Stanley on December 08, 2023.
