Qorvo Inc (NASDAQ: QRVO) on Monday, plunged -2.20% from the previous trading day, before settling in for the closing price of $104.50. Within the past 52 weeks, QRVO’s price has moved between $80.62 and $130.99.
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During the last 5-year period, the sales growth of Technology Sector giant was 5.38%. The company achieved an average annual earnings per share of -1.61%. With a float of $94.13 million, this company’s outstanding shares have now reached $95.80 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Qorvo Inc is 0.77%, while institutional ownership is 92.00%. 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) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.39 earnings per share (EPS) for the period topping the consensus outlook (set at 1.77) by 0.62. 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 -1.61% 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 2.42. Likewise, its price to free cash flow for the trailing twelve months is 13.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit 1.85 in the next quarter and is forecasted to reach 7.91 in one year’s time.
Technical Analysis of Qorvo Inc (QRVO)
Looking closely at Qorvo Inc (NASDAQ: QRVO), its last 5-days average volume was 1.16 million, which is a drop from its year-to-date volume of 1.35 million. As of the previous 9 days, the stock’s Stochastic %D was 55.14%. Additionally, its Average True Range was 2.99.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 19.63%, which indicates a significant decrease from 38.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.10% in the past 14 days, which was lower than the 38.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $106.01, while its 200-day Moving Average is $109.16. However, in the short run, Qorvo Inc’s stock first resistance to watch stands at $103.52. Second resistance stands at $104.84. The third major resistance level sits at $105.93. If the price goes on to break the first support level at $101.11, it is likely to go to the next support level at $100.02. Now, if the price goes above the second support level, the third support stands at $98.70.
Qorvo Inc (NASDAQ: QRVO) Key Stats
Market capitalization of the company is 9.69 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.
