Qorvo Inc (NASDAQ: QRVO) is -14.73% lower on its value in year-to-date trading and has touched a low of $80.62 and a high of $121.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QRVO stock was last observed hovering at around $96.75 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $96.02, the stock is -11.72% and -14.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -0.75% at the moment leaves the stock -7.48% off its SMA200. QRVO registered 1.96% gain for a year compared to 6-month gain of 8.94%.
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The stock witnessed a -17.57% loss in the last 1 month and extending the period to 3 months gives it a -13.38%, and is -14.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.47% over the week and 2.85% over the month.
Qorvo Inc (QRVO) has around 8500 employees, a market worth around $9.27B and $3.77B in sales. Fwd P/E is 12.09. Profit margin for the company is -1.87%. Distance from 52-week low is 19.10% and -21.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.38%).
The EPS is expected to shrink by -2.79% this year
The shares outstanding are 98.65M, and float is at 95.89M with Short Float at 2.27%.
Qorvo Inc (QRVO) Insider Activity
The most recent transaction is an insider sale by CREVISTON STEVEN E, the company’s SVP, Connectivity & Sensors. SEC filings show that CREVISTON STEVEN E sold 3,000 shares of the company’s common stock on Mar 01 ’24 at a price of $120.00 per share for a total of $0.36 million. Following the sale, the insider now owns 77552.0 shares.
Qorvo Inc disclosed in a document filed with the SEC on Feb 15 ’24 that Chesley Philip (SVP, High Performance Analog) sold a total of 4,253 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $114.00 per share for $0.48 million. Following the transaction, the insider now directly holds 25286.0 shares of the QRVO stock.
Still, SEC filings show that on Feb 15 ’24, FEGO PAUL J (SVP, Global Operations) disposed off 3,027 shares at an average price of $114.00 for $0.35 million. The insider now directly holds 29,705 shares of Qorvo Inc (QRVO).
