Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Qorvo Inc (NASDAQ: QRVO) was $59.91 for the day, up 1.34% from the previous closing price of $59.12. In other words, the price has increased by $1.34 from its previous closing price. On the day, 2.06 million shares were traded.
Ratios:
Our analysis of QRVO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on January 27, 2025, Upgraded its rating to Overweight and sets its target price to $110 from $85 previously.
On January 21, 2025, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $90 to $106.
On November 12, 2024, Loop Capital started tracking the stock assigning a Hold rating and target price of $73.Loop Capital initiated its Hold rating on November 12, 2024, with a $73 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 05 ’24 when Chesley Philip sold 4,045 shares for $70.15 per share. The transaction valued at 283,757 led to the insider holds 30,261 shares of the business.
Chesley Philip bought 4,045 shares of QRVO for $283,757 on Dec 05 ’24. On Nov 15 ’24, another insider, Chesley Philip, who serves as the SVP, High Performance Analog of the company, sold 1,565 shares for $65.63 each. As a result, the insider received 102,711 and left with 34,306 shares of the company.
Valuation Measures:
As of this moment, Qorvo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 211.77, and their Forward P/E ratio for the next fiscal year is 10.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 90.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.66.
Stock Price History:
Over the past 52 weeks, QRVO has reached a high of $130.99, while it has fallen to a 52-week low of $49.46. The 50-Day Moving Average of the stock is -13.25%, while the 200-Day Moving Average is calculated to be -30.98%.
Shares Statistics:
A total of 93.56M shares are outstanding, with a floating share count of 92.67M. Insiders hold about 0.78% of the company’s shares, while institutions hold 108.16% stake in the company.
