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In the latest session, Qorvo Inc (NASDAQ: QRVO) closed at $67.27 down -2.14% from its previous closing price of $68.74. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 1.73 million shares were traded. QRVO stock price reached its highest trading level at $68.85 during the session, while it also had its lowest trading level at $67.16.
Ratios:
For a deeper understanding of Qorvo Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.45.
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, Loop Capital on Nov-13-24, initiated with a Hold rating and assigned the stock a target price of $73.
On October 30, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $125 to $85.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 06 ’24 when Harrison Gina sold 689 shares for $107.67 per share. The transaction valued at 74,185 led to the insider holds 21,601 shares of the business.
Harrison Gina bought 689 shares of QRVO for $74,185 on Sep 06 ’24. On Sep 03 ’24, another insider, FEGO PAUL J, who serves as the Officer of the company, bought 2,500 shares for $113.84 each.
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 6358811136 and an Enterprise Value of 7225200128. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 1.83 whereas that against EBITDA is 10.734.
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 $67.94. The 50-Day Moving Average of the stock is -30.26%, while the 200-Day Moving Average is calculated to be -37.35%.
Shares Statistics:
For the past three months, QRVO has traded an average of 1.52M shares per day and 3054820 over the past ten days. A total of 95.80M shares are outstanding, with a floating share count of 93.80M. Insiders hold about 0.77% of the company’s shares, while institutions hold 91.93% stake in the company. Shares short for QRVO as of 1728950400 were 3023322 with a Short Ratio of 1.92, compared to 1726185600 on 2403695. Therefore, it implies a Short% of Shares Outstanding of 3023322 and a Short% of Float of 3.66.
