For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Qorvo Inc (NASDAQ: QRVO) closed at $70.96 down -4.80% from its previous closing price of $74.54. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 2.17 million shares were traded.
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 8.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.71. 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:
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 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:
As of this moment, Qorvo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 250.83, and their Forward P/E ratio for the next fiscal year is 12.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 86.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.96.
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 $64.54. The 50-Day Moving Average of the stock is -7.25%, while the 200-Day Moving Average is calculated to be -24.63%.
Shares Statistics:
A total of 93.56M shares are outstanding, with a floating share count of 92.66M. Insiders hold about 0.79% of the company’s shares, while institutions hold 105.00% stake in the company.
Earnings Estimates
The current rating of Qorvo Inc (QRVO) is the result of assessments by 22.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.62, with high estimates of $0.91 and low estimates of $0.43.
Analysts are recommending an EPS of between $5.37 and $5.25 for the fiscal current year, implying an average EPS of $5.34. EPS for the following year is $5.59, with 25.0 analysts recommending between $6.12 and $5.21.
Revenue Estimates
A total of 20 analysts believe the company’s revenue will be $850.17M this quarter.It ranges from a high estimate of $853M to a low estimate of $847.96M. As of the current estimate, Qorvo Inc’s year-ago sales were $940.99MFor the next quarter, 20 analysts are estimating revenue of $765.49M. There is a high estimate of $828M for the next quarter, whereas the lowest estimate is $730.8M.
A total of 24 analysts have provided revenue estimates for QRVO’s current fiscal year. The highest revenue estimate was $3.7B, while the lowest revenue estimate was $3.68B, resulting in an average revenue estimate of $3.7B. In the same quarter a year ago, actual revenue was $3.77BBased on 24 analysts’ estimates, the company’s revenue will be $3.69B in the next fiscal year. The high estimate is $3.91B and the low estimate is $3.61B.
