Qorvo Inc (NASDAQ: QRVO) on Tuesday, plunged -2.14% from the previous trading day, before settling in for the closing price of $68.74. Within the past 52 weeks, QRVO’s price has moved between $67.94 and $130.99.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 5.38%. The company achieved an average annual earnings per share of -22.45%. With a float of $93.80 million, this company’s outstanding shares have now reached $95.80 million.
The extent of productivity of a business whose workforce counts for 8700 workers is very important to gauge. In terms of profitability, gross margin is 39.92%, operating margin of 2.13%, and the pretax margin is -0.32%.
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 91.93%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.1 earnings per share (EPS) for the period topping the consensus outlook (set at 1.66) by 0.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -22.45% 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 1.38 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 1.61. Likewise, its price to free cash flow for the trailing twelve months is 8.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.46, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 5.96 in one year’s time.
Technical Analysis of Qorvo Inc (QRVO)
The latest stats from [Qorvo Inc, QRVO] show that its last 5-days average volume of 1.93 million was superior to 1.42 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 3.32%. Additionally, its Average True Range was 3.36.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 0.17%, which indicates a significant decrease from 0.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 128.31% in the past 14 days, which was higher than the 62.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.45, while its 200-day Moving Average is $107.37. Now, the first resistance to watch is $68.36. This is followed by the second major resistance level at $69.45. The third major resistance level sits at $70.05. If the price goes on to break the first support level at $66.67, it is likely to go to the next support level at $66.07. The third support level lies at $64.98 if the price breaches the second support level.
Qorvo Inc (NASDAQ: QRVO) Key Stats
Market capitalization of the company is 6.36 billion based on 94,527K outstanding shares. Right now, sales total 3,770 M and income totals -70,320 K. The company made 1,047 M in profit during its latest quarter, and -17,440 K in sales during its previous quarter.
