On Friday, Qorvo Inc (NASDAQ: QRVO) opened lower -0.07% from the last session, before settling in for the closing price of $69.64. Price fluctuations for QRVO have ranged from $64.54 to $130.99 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted -22.45% at the time writing. With a float of $93.79 million, this company’s outstanding shares have now reached $94.66 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
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Qorvo Inc is 0.78%, while institutional ownership is 90.25%. The most recent insider transaction that took place on Dec 05 ’24, was worth 283,757. In this transaction SVP, High Performance Analog of this company sold 4,045 shares at a rate of $70.15, taking the stock ownership to the 30,261 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Officer proposed sale 4,045 for $70.15, making the entire transaction worth $283,757.
Qorvo Inc (QRVO) Latest Financial update
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
Check out the current performance indicators for Qorvo Inc (QRVO). In the past quarter, the stock posted a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66. Likewise, its price to free cash flow for the trailing twelve months is 8.49.
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 2.05 million was superior to 1.48 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 67.63%. Additionally, its Average True Range was 2.35.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 8.37%, which indicates a significant decrease from 69.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.55% in the past 14 days, which was lower than the 60.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.91, while its 200-day Moving Average is $102.74. Now, the first resistance to watch is $70.51. This is followed by the second major resistance level at $71.44. The third major resistance level sits at $72.62. If the price goes on to break the first support level at $68.40, it is likely to go to the next support level at $67.22. The third support level lies at $66.29 if the price breaches the second support level.
Qorvo Inc (NASDAQ: QRVO) Key Stats
There are currently 94,527K shares outstanding in the company with a market cap of 6.57 billion. Presently, the company’s annual sales total 3,770 M according to its annual income of -70,320 K. Last quarter, the company’s sales amounted to 1,047 M and its income totaled -17,440 K.
