The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $75.00 in the prior trading day, Qorvo Inc (NASDAQ: QRVO) closed at $73.69, down -1.75%. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 1.35 million shares were traded. QRVO stock price reached its highest trading level at $74.54 during the session, while it also had its lowest trading level at $72.87.
Ratios:
Our goal is to gain a better understanding of QRVO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.23. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 7004765184 and an Enterprise Value of 7662210560. As of this moment, Qorvo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 260.48, and their Forward P/E ratio for the next fiscal year is 13.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 90.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 2.021 whereas that against EBITDA is 13.054.
Stock Price History:
The Beta on a monthly basis for QRVO is 1.44, which has changed by -0.35444593 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, QRVO has reached a high of $130.99, while it has fallen to a 52-week low of $64.54. The 50-Day Moving Average of the stock is -4.28%, while the 200-Day Moving Average is calculated to be -19.48%.
Shares Statistics:
The stock has traded on average 2.87M shares per day over the past 3-months and 2709800 shares per day over the last 10 days, according to various share 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 108.75% stake in the company. Shares short for QRVO as of 1741910400 were 8688615 with a Short Ratio of 3.03, compared to 1739491200 on 7779674. Therefore, it implies a Short% of Shares Outstanding of 8688615 and a Short% of Float of 10.69.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
