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The closing price of Qorvo Inc (NASDAQ: QRVO) was $112.26 for the day, down -1.24% from the previous closing price of $113.67. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 0.82 million shares were traded. QRVO stock price reached its highest trading level at $113.92 during the session, while it also had its lowest trading level at $110.721.
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 9.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.44.
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 this company, TD Cowen on July 31, 2024, Reiterated its Hold rating but revised its target price to $125 from $110 previously.
On July 31, 2024, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $124 to $142.
Craig Hallum reiterated its Buy rating for the stock on February 01, 2024, while the target price for the stock was revised from $110 to $125.
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 Aug 27 ’24 when Nelson Roderick sold 2,132 shares for $111.51 per share. The transaction valued at 237,739 led to the insider holds 7,692 shares of the business.
Nelson Roderick bought 2,132 shares of QRVO for $237,740 on Aug 27 ’24. On Aug 20 ’24, another insider, FEGO PAUL J, who serves as the SVP, Global Operations of the company, sold 354 shares for $112.51 each. As a result, the insider received 39,829 and left with 43,488 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QRVO now has a Market Capitalization of 10782887936 and an Enterprise Value of 11527829504. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 2.878 whereas that against EBITDA is 15.143.
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 $80.62. The 50-Day Moving Average of the stock is -3.01%, while the 200-Day Moving Average is calculated to be 3.27%.
Shares Statistics:
QRVO traded an average of 1.41M shares per day over the past three months and 1053780 shares per day over the past ten days. A total of 95.80M shares are outstanding, with a floating share count of 94.13M. Insiders hold about 0.77% of the company’s shares, while institutions hold 92.07% stake in the company. Shares short for QRVO as of 1723680000 were 2171109 with a Short Ratio of 1.53, compared to 1721001600 on 2872478. Therefore, it implies a Short% of Shares Outstanding of 2171109 and a Short% of Float of 2.6199998.
