Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Qorvo Inc (NASDAQ: QRVO) was $63.80 for the day, up 0.03% from the previous closing price of $63.78. In other words, the price has increased by $0.03 from its previous closing price. On the day, 2.22 million shares were traded. QRVO stock price reached its highest trading level at $64.71 during the session, while it also had its lowest trading level at $62.55.
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 7.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.32. 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:
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 5958715904 and an Enterprise Value of 6738515968. As of this moment, Qorvo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 225.52, and their Forward P/E ratio for the next fiscal year is 11.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 111.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 1.778 whereas that against EBITDA is 11.48.
Stock Price History:
The Beta on a monthly basis for QRVO is 1.40, which has changed by -0.4539541 over the last 52 weeks, in comparison to a change of 0.097913146 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 $49.46. The 50-Day Moving Average of the stock is -6.53%, while the 200-Day Moving Average is calculated to be -25.75%.
Shares Statistics:
QRVO traded an average of 2.66M shares per day over the past three months and 2122720 shares per day over the past ten days. 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 107.21% stake in the company. Shares short for QRVO as of 1744675200 were 6446257 with a Short Ratio of 2.42, compared to 1741910400 on 8688615. Therefore, it implies a Short% of Shares Outstanding of 6446257 and a Short% of Float of 7.93.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
