Qorvo Inc (QRVO) concluded trading on Wednesday at a closing price of $71.67, with 5.87 million shares of worth about $420.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.61% during that period and on April 30, 2025 the price saw a gain of about 14.40%. Currently the company’s common shares owned by public are about 93.40M shares, out of which, 92.67M shares are available for trading.
Stock saw a price change of 19.63% in past 5 days and over the past one month there was a price change of -1.02%. Year-to-date (YTD), QRVO shares are showing a performance of 2.49% which decreased to -38.61% 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 2.53 million. The stock is currently trading 18.99% above its 20-day simple moving average (SMA20), while that difference is up 5.61% for SMA50 and it goes to -16.05% lower than SMA200.
Qorvo Inc (NASDAQ: QRVO) currently have 93.40M outstanding shares and institutions hold larger chunk of about 107.09% of that.
The stock has a current market capitalization of $6.69B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 253.34, while it has posted earnings per share of $0.28 in the same period. Its PEG reads 25.51 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 4.16% while standing at 7.48% over the month.
Stock’s fiscal year EPS is expected to drop by -4.41% while it is estimated to increase by 18.92% in next year. EPS is likely to grow at an annualized rate of 9.93% for next 5-years, compared to annual growth of -27.03% made by the stock over the past 5-years.
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 The Benchmark Company on April 30, 2025 offering a Buy rating for the stock and assigned a target price of $95 to it. Coverage by TD Cowen stated Qorvo Inc (QRVO) stock as a Hold in their note to investors on April 30, 2025, suggesting a price target of $80 for the stock. On January 27, 2025, Piper Sandler Upgrade their recommendations, while on January 21, 2025, Morgan Stanley Upgrade their ratings for the stock with a price target of $106. Stock get a Hold rating from Loop Capital on November 12, 2024.
