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The price of Qorvo Inc (NASDAQ: QRVO) closed at $126.32 in the last session, up 2.87% from day before closing price of $122.80. In other words, the price has increased by $2.87 from its previous closing price. On the day, 1.22 million shares were traded. QRVO stock price reached its highest trading level at $127.5 during the session, while it also had its lowest trading level at $123.67.
Ratios:
We take a closer look at QRVO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 1.99. 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, Craig Hallum on February 01, 2024, Reiterated its Buy rating but revised its target price to $125 from $110 previously.
On January 04, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $120.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 08, 2023, whereas the target price for the stock was revised from $120 to $134.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 12004037632 and an Enterprise Value of 12768101376. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18 while its Price-to-Book (P/B) ratio in mrq is 3.40. Its current Enterprise Value per Revenue stands at 3.387 whereas that against EBITDA is 17.355.
Stock Price History:
The Beta on a monthly basis for QRVO is 1.46, which has changed by 0.15013576 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, QRVO has reached a high of $125.74, while it has fallen to a 52-week low of $80.62. The 50-Day Moving Average of the stock is 18.96%, while the 200-Day Moving Average is calculated to be 20.46%.
Shares Statistics:
According to the various share statistics, QRVO traded on average about 1.42M shares per day over the past 3-months and 1147950 shares per day over the past 10 days. A total of 95.80M shares are outstanding, with a floating share count of 94.30M. Insiders hold about 0.77% of the company’s shares, while institutions hold 91.39% stake in the company. Shares short for QRVO as of 1719532800 were 2642349 with a Short Ratio of 1.86, compared to 1717113600 on 2007258. Therefore, it implies a Short% of Shares Outstanding of 2642349 and a Short% of Float of 3.19.
