Qorvo Inc (QRVO) concluded trading on Thursday at a closing price of $67.87, with 3.63 million shares of worth about $246.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.93% during that period and on November 21, 2024 the price saw a gain of about 3.37%. Currently the company’s common shares owned by public are about 95.80M shares, out of which, 93.78M shares are available for trading.
Stock saw a price change of 2.37% in past 5 days and over the past one month there was a price change of -32.29%. Year-to-date (YTD), QRVO shares are showing a performance of -39.73% which decreased to -27.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.98 but also hit the highest price of $130.99 during that period. The average intraday trading volume for Qorvo Inc shares is 1.59 million. The stock is currently trading -7.91% below its 20-day simple moving average (SMA20), while that difference is down -25.29% for SMA50 and it goes to -35.98% lower than SMA200.
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Qorvo Inc (NASDAQ: QRVO) currently have 95.80M outstanding shares and institutions hold larger chunk of about 90.31% of that.
The stock has a current market capitalization of $6.42B and its 3Y-monthly beta is at 1.43. It has posted earnings per share of -$1.46 in the same period. It has Quick Ratio of 1.38 while making debt-to-equity ratio of 0.58. 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 2.52% while standing at 2.87% over the month.
Stock’s fiscal year EPS is expected to drop by -22.44% while it is estimated to increase by 23.61% 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 Loop Capital on November 12, 2024 offering a Hold rating for the stock and assigned a target price of $73 to it. Coverage by TD Cowen stated Qorvo Inc (QRVO) stock as a Hold in their note to investors on October 30, 2024, suggesting a price target of $85 for the stock. Stock get a Neutral rating from Exane BNP Paribas on October 30, 2024.
