Qorvo Inc (NASDAQ: QRVO) kicked off on Friday, down -3.84% from the previous trading day, before settling in for the closing price of $115.81. Over the past 52 weeks, QRVO has traded in a range of $80.62-$121.65.
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A company in the Technology sector has jumped its sales by 5.33% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 1.93%. With a float of $95.89 million, this company’s outstanding shares have now reached $98.65 million.
In an organization with 8500 employees, it is important to assess its efficiency.
Qorvo Inc (QRVO) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Qorvo Inc is 0.68%, while institutional ownership is 89.79%. The most recent insider transaction that took place on Mar 01 ’24, was worth 360,000. In this transaction SVP, Connectivity & Sensors of this company sold 3,000 shares at a rate of $120.00, taking the stock ownership to the 77,552 shares. Before that another transaction happened on Feb 15 ’24, when Company’s SVP, High Performance Analog sold 4,253 for $114.00, making the entire transaction worth $484,842. This insider now owns 25,286 shares in total.
Qorvo Inc (QRVO) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 25.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.93% per share during the next fiscal year.
Qorvo Inc (NASDAQ: QRVO) Trading Performance Indicators
Take a look at Qorvo Inc’s (QRVO) current performance indicators. Last quarter, stock had a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.11. Likewise, its price to free cash flow for the trailing twelve months is 18.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 7.64 in one year’s time.
Technical Analysis of Qorvo Inc (QRVO)
Let’s dig in a bit further. During the last 5-days, its volume was 0.88 million. That was inferior than the volume of 1.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 37.55%. Additionally, its Average True Range was 3.06.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 64.77%, which indicates a significant increase from 7.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.42% in the past 14 days, which was lower than the 31.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $113.54, while its 200-day Moving Average is $103.41. However, in the short run, Qorvo Inc’s stock first resistance to watch stands at $113.52. Second resistance stands at $115.67. The third major resistance level sits at $116.96. If the price goes on to break the first support level at $110.08, it is likely to go to the next support level at $108.79. The third support level lies at $106.64 if the price breaches the second support level.
Qorvo Inc (NASDAQ: QRVO) Key Stats
The company with the Market Capitalisation of 10.75 billion has total of 96,548K Shares Outstanding. Its annual sales at the moment are 3,569 M in contrast with the sum of 103,150 K annual income. Company’s last quarter sales were recorded 1,074 M and last quarter income was -126,940 K.
