Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Qorvo Inc (NASDAQ: QRVO) closed at $76.66 in the last session, down -0.78% from day before closing price of $77.26. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 1.19 million shares were traded. QRVO stock price reached its highest trading level at $77.575 during the session, while it also had its lowest trading level at $76.23.
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 9.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.81. 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:
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 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 7159798784 and an Enterprise Value of 8973470720. As of this moment, Qorvo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 270.98, and their Forward P/E ratio for the next fiscal year is 13.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 93.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 2.273 whereas that against EBITDA is 13.331.
Stock Price History:
The Beta on a monthly basis for QRVO is 1.47, which has changed by -0.31983447 over the last 52 weeks, in comparison to a change of 0.21313763 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 2.18%, while the 200-Day Moving Average is calculated to be -19.93%.
Shares Statistics:
According to the various share statistics, QRVO traded on average about 3.22M shares per day over the past 3-months and 3062260 shares per day over the past 10 days. A total of 93.56M shares are outstanding, with a floating share count of 92.65M. Insiders hold about 0.80% of the company’s shares, while institutions hold 109.63% stake in the company. Shares short for QRVO as of 1736899200 were 7170984 with a Short Ratio of 2.22, compared to 1734048000 on 3959122. Therefore, it implies a Short% of Shares Outstanding of 7170984 and a Short% of Float of 8.7.
