Qorvo Inc (QRVO) concluded trading on Wednesday at a closing price of $62.11, with 5.89 million shares of worth about $365.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.11% during that period and on April 09, 2025 the price saw a gain of about 22.24%. Currently the company’s common shares owned by public are about 93.56M shares, out of which, 92.67M shares are available for trading.
Stock saw a price change of -14.50% in past 5 days and over the past one month there was a price change of -12.59%. Year-to-date (YTD), QRVO shares are showing a performance of -11.18% which decreased to -45.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.46 but also hit the highest price of $130.99 during that period. The average intraday trading volume for Qorvo Inc shares is 2.92 million. The stock is currently trading -9.64% below its 20-day simple moving average (SMA20), while that difference is down -15.27% for SMA50 and it goes to -30.54% lower than SMA200.
Qorvo Inc (NASDAQ: QRVO) currently have 93.56M outstanding shares and institutions hold larger chunk of about 108.77% of that.
The stock has a current market capitalization of $5.80B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 219.55, while it has posted earnings per share of $0.28 in the same period. Its PEG reads 75.97 and has Quick Ratio of 1.78 while making debt-to-equity ratio of 0.46. 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 16.24% while standing at 6.36% over the month.
Analysts are in expectations that Qorvo Inc (QRVO) stock would likely to be making an EPS of 1.0 in the current quarter, while forecast for next quarter EPS is 0.63 and it is 5.6 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.97 which is 1.04 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 1.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -13.96% while it is estimated to increase by 3.83% 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 Piper Sandler on January 27, 2025 offering an Overweight rating for the stock and assigned a target price range of between $85 and $110 to it. Coverage by Morgan Stanley stated Qorvo Inc (QRVO) stock as an Overweight in their note to investors on January 21, 2025, suggesting a price target of $106 for the stock. On November 12, 2024, Loop Capital Initiated their recommendations, while on October 30, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $85. Stock get a Hold rating from The Benchmark Company on October 30, 2024.
