On Tuesday, Qorvo Inc (NASDAQ: QRVO) opened lower -0.25% from the last session, before settling in for the closing price of $72.41. Price fluctuations for QRVO have ranged from $64.54 to $130.99 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 5.53%. Company’s average yearly earnings per share was noted -13.98% at the time writing. With a float of $92.67 million, this company’s outstanding shares have now reached $93.56 million.
Let’s determine the extent of company efficiency that accounts for 8700 employees. In terms of profitability, gross margin is 41.67%, operating margin of 4.72%, and the pretax margin is 2.12%.
Qorvo Inc (QRVO) Insider Activity
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 108.78%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.98% 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 1.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78. Likewise, its price to free cash flow for the trailing twelve months is 13.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 1.00 in the next quarter and is forecasted to reach 5.54 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 1.59 million, which is a drop from its year-to-date volume of 2.81 million. As of the previous 9 days, the stock’s Stochastic %D was 31.90%. Additionally, its Average True Range was 2.68.
During the past 100 days, Qorvo Inc’s (QRVO) raw stochastic average was set at 28.70%, which indicates a significant decrease from 55.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.14% in the past 14 days, which was lower than the 38.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.67, while its 200-day Moving Average is $91.03. However, in the short run, Qorvo Inc’s stock first resistance to watch stands at $73.03. Second resistance stands at $73.84. The third major resistance level sits at $74.99. If the price goes on to break the first support level at $71.07, it is likely to go to the next support level at $69.92. Should the price break the second support level, the third support level stands at $69.11.
Qorvo Inc (NASDAQ: QRVO) Key Stats
There are currently 93,397K shares outstanding in the company with a market cap of 6.75 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 916,320 K and its income totaled 41,270 K.
