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Qorvo Inc (NASDAQ: QRVO) closed the day trading at $103.02 down -1.52% from the previous closing price of $104.61. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1.3 million shares were traded. QRVO stock price reached its highest trading level at $106.46 during the session, while it also had its lowest trading level at $102.92.
Ratios:
For a better understanding of QRVO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.15. 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:
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 Jun 17 ’24 when CREVISTON STEVEN E sold 3,000 shares for $112.36 per share. The transaction valued at 337,080 led to the insider holds 83,591 shares of the business.
Harrison Gina sold 210 shares of QRVO for $22,270 on Jun 12 ’24. The VP and Corporate Controller now owns 20,966 shares after completing the transaction at $106.05 per share. On Jun 06 ’24, another insider, BRUGGEWORTH ROBERT A, who serves as the President and CEO of the company, sold 15,279 shares for $100.00 each. As a result, the insider received 1,527,900 and left with 190,161 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 9772610560 and an Enterprise Value of 10651311104. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 2.659 whereas that against EBITDA is 13.991.
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 -8.87%, while the 200-Day Moving Average is calculated to be -3.69%.
Shares Statistics:
Over the past 3-months, QRVO traded about 1.43M shares per day on average, while over the past 10 days, QRVO traded about 2054390 shares per day. 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 91.51% stake in the company. Shares short for QRVO as of 1721001600 were 2872478 with a Short Ratio of 2.00, compared to 1718323200 on 2677132. Therefore, it implies a Short% of Shares Outstanding of 2872478 and a Short% of Float of 3.47.
Earnings Estimates
The dynamic stock of Qorvo Inc (QRVO) is currently attracting attention from 21.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $1.92, with high estimates of $2.25 and low estimates of $1.65.
Analysts are recommending an EPS of between $6.8 and $4.54 for the fiscal current year, implying an average EPS of $6.06. EPS for the following year is $7.9, with 25.0 analysts recommending between $9.4 and $6.86.
Revenue Estimates
For the next quarter, 20 analysts are estimating revenue of $1.06B. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $975M.
A total of 26 analysts have provided revenue estimates for QRVO’s current fiscal year. The highest revenue estimate was $4.02B, while the lowest revenue estimate was $3.83B, resulting in an average revenue estimate of $3.93B. In the same quarter a year ago, actual revenue was $3.77BBased on 26 analysts’ estimates, the company’s revenue will be $4.25B in the next fiscal year. The high estimate is $4.5B and the low estimate is $4B.
