Qorvo Inc (QRVO) concluded trading on Thursday at a closing price of $90.57, with 3.6 million shares of worth about $326.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.63% during that period and on January 23, 2025 the price saw a gain of about 4.00%. Currently the company’s common shares owned by public are about 94.66M shares, out of which, 93.79M shares are available for trading.
Stock saw a price change of 22.13% in past 5 days and over the past one month there was a price change of 31.64%. Year-to-date (YTD), QRVO shares are showing a performance of 29.52% which decreased to -15.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.54 but also hit the highest price of $130.99 during that period. The average intraday trading volume for Qorvo Inc shares is 3.06 million. The stock is currently trading 20.87% above its 20-day simple moving average (SMA20), while that difference is up 27.30% for SMA50 and it goes to -7.20% lower than SMA200.
Qorvo Inc (NASDAQ: QRVO) currently have 94.66M outstanding shares and institutions hold larger chunk of about 102.86% of that.
The stock has a current market capitalization of $8.56B and its 3Y-monthly beta is at 1.42. 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 4.61% while standing at 2.94% over the month.
Analysts are in expectations that Qorvo Inc (QRVO) stock would likely to be making an EPS of 1.21 in the current quarter, while forecast for next quarter EPS is 0.86 and it is 6.12 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.09 which is 1.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 2.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -22.45% while it is estimated to increase by 22.54% 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 Morgan Stanley on January 21, 2025 offering an Overweight rating for the stock and assigned a target price range of between $90 and $106 to it. Coverage by Loop Capital stated Qorvo Inc (QRVO) stock as a Hold in their note to investors on November 12, 2024, suggesting a price target of $73 for the stock. Stock get a Mkt perform rating from Raymond James on October 30, 2024.
