A new trading day began on Monday, with Qorvo Inc (NASDAQ: QRVO) stock price down -6.68% from the previous day of tradingbefore settling in for the closing price of $107.65. QRVO’s price has ranged from $80.62 to $130.99 over the past 52 weeks.
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Annual sales at Technology sector company grew by 5.38% over the past five years. Meanwhile, its annual earnings per share averaged -1.54%. With a float of $94.13 million, this company’s outstanding shares have now reached $95.80 million.
Let’s look at the performance matrix of the company that is accounted for 8700 employees. In terms of profitability, gross margin is 40.46%, operating margin of 5.64%, and the pretax margin is 3.11%.
Qorvo Inc (QRVO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Qorvo Inc is 0.77%, while institutional ownership is 92.11%. The most recent insider transaction that took place on Sep 06 ’24, was worth 74,185. In this transaction VP and Corporate Controller of this company sold 689 shares at a rate of $107.67, taking the stock ownership to the 21,601 shares. Before that another transaction happened on Sep 06 ’24, when Company’s Officer proposed sale 689 for $107.67, making the entire transaction worth $74,185.
Qorvo Inc (QRVO) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -1.54% per share during the next fiscal year.
Qorvo Inc (NASDAQ: QRVO) Trading Performance Indicators
Here are Qorvo Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.38. Likewise, its price to free cash flow for the trailing twelve months is 12.82.
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)
Qorvo Inc (NASDAQ: QRVO) saw its 5-day average volume 1.42 million, a positive change from its year-to-date volume of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 27.42%. Additionally, its Average True Range was 4.27.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 16.70%, which indicates a significant increase from 9.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.50% in the past 14 days, which was higher than the 45.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $113.81, while its 200-day Moving Average is $109.67. Nevertheless, the first resistance level for the watch stands at $104.07 in the near term. At $107.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $110.35. If the price goes on to break the first support level at $97.79, it is likely to go to the next support level at $95.11. The third support level lies at $91.51 if the price breaches the second support level.
Qorvo Inc (NASDAQ: QRVO) Key Stats
With a market capitalization of 9.53 billion, the company has a total of 95,029K Shares Outstanding. Currently, annual sales are 3,770 M while annual income is -70,320 K. The company’s previous quarter sales were 886,670 K while its latest quarter income was 410 K.
