Qorvo Inc (NASDAQ: QRVO) on Tuesday, soared 0.22% from the previous trading day, before settling in for the closing price of $100.26. Within the past 52 weeks, QRVO’s price has moved between $80.62 and $130.99.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 5.38% over the past five years. 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 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
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 91.75%. 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 -1.61% 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 2.38. 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 1.93 in the next quarter and is forecasted to reach 7.91 in one year’s time.
Technical Analysis of Qorvo Inc (QRVO)
Qorvo Inc (NASDAQ: QRVO) saw its 5-day average volume 1.53 million, a positive change from its year-to-date volume of 1.35 million. As of the previous 9 days, the stock’s Stochastic %D was 18.51%. Additionally, its Average True Range was 2.74.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 6.24%, which indicates a significant decrease from 22.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.08% in the past 14 days, which was lower than the 37.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.77, while its 200-day Moving Average is $109.05. Nevertheless, the first resistance level for the watch stands at $101.22 in the near term. At $101.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $103.01. If the price goes on to break the first support level at $99.44, it is likely to go to the next support level at $98.39. The third support level lies at $97.65 if the price breaches the second support level.
Qorvo Inc (NASDAQ: QRVO) Key Stats
Market capitalization of the company is 9.53 billion based on 94,861K 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.
