Qorvo Inc (NASDAQ: QRVO) on Tuesday, soared 3.48% from the previous trading day, before settling in for the closing price of $107.28. Within the past 52 weeks, QRVO’s price has moved between $80.62 and $130.99.
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A company in the Technology sector has jumped its sales by 5.38% annually for the last half of the decade. The company achieved an average annual earnings per share of -1.70%. With a float of $94.15 million, this company’s outstanding shares have now reached $95.80 million.
In an organization with 8700 employees, it is important to assess its efficiency.
Qorvo Inc (QRVO) Insider Updates
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Qorvo Inc is 0.75%, while institutional ownership is 90.71%. The most recent insider transaction that took place on Jun 17 ’24, was worth 337,080. In this transaction SVP, Connectivity & Sensors of this company sold 3,000 shares at a rate of $112.36, taking the stock ownership to the 83,591 shares. Before that another transaction happened on Jun 12 ’24, when Company’s VP and Corporate Controller sold 210 for $106.05, making the entire transaction worth $22,270. This insider now owns 20,966 shares in total.
Qorvo Inc (QRVO) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.70% per share during the next fiscal year.
Qorvo Inc (NASDAQ: QRVO) Trading Performance Indicators
Qorvo Inc (QRVO) is currently performing well based on its current performance indicators. A quick ratio of 1.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.63. Likewise, its price to free cash flow for the trailing twelve months is 14.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit 1.84 in the next quarter and is forecasted to reach 7.93 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 1.22 million. That was inferior than the volume of 1.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.04%. Additionally, its Average True Range was 4.58.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 45.48%, which indicates a significant increase from 44.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.93% in the past 14 days, which was higher than the 42.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $114.05, while its 200-day Moving Average is $107.46. However, in the short run, Qorvo Inc’s stock first resistance to watch stands at $112.23. Second resistance stands at $113.45. The third major resistance level sits at $115.80. If the price goes on to break the first support level at $108.66, it is likely to go to the next support level at $106.31. Assuming the price breaks the second support level, the third support level stands at $105.09.
Qorvo Inc (NASDAQ: QRVO) Key Stats
Market capitalization of the company is 10.53 billion based on 95,029K outstanding shares. Right now, sales total 3,770 M and income totals -70,320 K. The company made 886,670 K in profit during its latest quarter, and 410 K in sales during its previous quarter.
