Qorvo Inc (NASDAQ: QRVO) open the trading on Wednesday, with a bit cautious approach as it glided -1.08% to $109.95, before settling in for the price of $111.15 at the close. Taking a more long-term approach, QRVO posted a 52-week range of $80.62-$121.65.
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It was noted that the giant of the Technology sector posted annual sales growth of 5.33% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.93%. This publicly-traded company’s shares outstanding now amounts to $98.65 million, simultaneously with a float of $95.89 million. The organization now has a market capitalization sitting at $10.62 billion. At the time of writing, stock’s 50-day Moving Average stood at $113.83, while the 200-day Moving Average is $103.55.
Qorvo Inc (QRVO) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Semiconductors industry. Qorvo Inc’s current insider ownership accounts for 0.68%, in contrast to 89.38% institutional ownership. According to the most recent insider trade that took place on Mar 01 ’24, this organization’s SVP, Connectivity & Sensors sold 3,000 shares at the rate of 120.00, making the entire transaction reach 360,000 in total value, affecting insider ownership by 77,552. Preceding that transaction, on Feb 15 ’24, Company’s SVP, High Performance Analog sold 4,253 for 114.00, making the whole transaction’s value amount to 484,842. This particular insider is now the holder of 25,286 in total.
Qorvo Inc (QRVO) Earnings and Revenue Records
Qorvo Inc’s EPS increase for this current 12-month fiscal period is 1.93% and is forecasted to reach 7.64 in the upcoming year.
Qorvo Inc (NASDAQ: QRVO) Trading Performance Indicators
Let’s observe the current performance indicators for Qorvo Inc (QRVO). It’s Quick Ratio in the last reported quarter now stands at 1.33. The Stock has managed to achieve an average true range (ATR) of 2.98. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.07. Similarly, its price to free cash flow for trailing twelve months is now 18.70.
In the same vein, QRVO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.16, a figure that is expected to reach 1.21 in the next quarter, and analysts are predicting that it will be 7.64 at the market close of one year from today.
Technical Analysis of Qorvo Inc (QRVO)
[Qorvo Inc, QRVO] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 17.66% While, its Average True Range was 2.99.
Raw Stochastic average of Qorvo Inc (QRVO) in the period of the previous 100 days is set at 59.86%, which indicates a major rise in contrast to 11.80% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 26.89% that was lower than 30.96% volatility it exhibited in the past 100-days period.
