Qorvo Inc (NASDAQ: QRVO) started the day on Thursday, with a price decrease of -1.14% at $118.67, before settling in for the price of $120.04 at the close. Taking a more long-term approach, QRVO posted a 52-week range of $80.62-$130.99.
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The Technology sector firm’s twelve-monthly sales growth has been 5.38% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is -2.37%. This publicly-traded company’s shares outstanding now amounts to $95.80 million, simultaneously with a float of $94.30 million. The organization now has a market capitalization sitting at $11.28 billion. At the time of writing, stock’s 50-day Moving Average stood at $110.77, while the 200-day Moving Average is $106.18.
Qorvo Inc (QRVO) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Qorvo Inc’s current insider ownership accounts for 0.77%, in contrast to 91.29% institutional ownership. According to the most recent insider trade that took place on Jun 17 ’24, this organization’s SVP, Connectivity & Sensors sold 3,000 shares at the rate of 112.36, making the entire transaction reach 337,080 in total value, affecting insider ownership by 83,591. Preceding that transaction, on Jun 12 ’24, Company’s VP and Corporate Controller sold 210 for 106.05, making the whole transaction’s value amount to 22,270. This particular insider is now the holder of 20,966 in total.
Qorvo Inc (QRVO) Earnings and Revenue Records
Qorvo Inc’s EPS decrease for this current 12-month fiscal period is -2.37% and is forecasted to reach 7.93 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 1.41. The Stock has managed to achieve an average true range (ATR) of 3.71. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.99. Similarly, its price to free cash flow for trailing twelve months is now 15.97.
In the same vein, QRVO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.73, a figure that is expected to reach 0.71 in the next quarter, and analysts are predicting that it will be 7.93 at the market close of one year from today.
Technical Analysis of Qorvo Inc (QRVO)
If we take a close look at the recent performances of Qorvo Inc (NASDAQ: QRVO), its last 5-days Average volume was 1.32 million that shows plunge from its year to date volume of 1.34 million. During the previous 9 days, stock’s Stochastic %D was recorded 15.36% While, its Average True Range was 3.89.
Raw Stochastic average of Qorvo Inc (QRVO) in the period of the previous 100 days is set at 66.38%, which indicates a major rise in contrast to 5.05% 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 40.82% that was higher than 40.21% volatility it exhibited in the past 100-days period.
