Qorvo Inc (NASDAQ: QRVO) is -8.38% lower on its value in year-to-date trading and has touched a low of $80.62 and a high of $130.99 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 $99.80 in the last trading session, with the day’s gains setting it 3.37%.
Currently trading at $103.17, the stock is -4.77% and -8.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 3.38% at the moment leaves the stock -5.95% off its SMA200. QRVO registered 7.86% gain for a year compared to 6-month loss of -9.12%.
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The stock witnessed a -7.25% gain in the last 1 month and extending the period to 3 months gives it a -8.63%, and is -2.31% 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 3.33% over the week and 3.37% over the month.
Qorvo Inc (QRVO) has around 8700 employees, a market worth around $9.79B and $4.01B in sales. Fwd P/E is 13.01. Profit margin for the company is -0.66%. Distance from 52-week low is 27.97% and -21.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.52%).
The EPS is expected to shrink by -1.54% this year
867.0 institutions hold shares in Qorvo Inc (QRVO), with institutional investors hold 93.69% of the company’s shares. The shares outstanding are 95.80M, and float is at 94.07M with Short Float at 2.45%. Institutions hold 93.24% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.84 million shares valued at $1.37 billion. The investor’s holdings represent 12.135 of the QRVO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.53 million shares valued at $1.11 billion to account for 9.7723 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.6 million shares representing 4.7121 and valued at over $533.44 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 4.2981 of the shares totaling 4.19 million with a market value of $486.57 million.
Qorvo Inc (QRVO) Insider Activity
The most recent transaction is an insider sale by Harrison Gina, the company’s VP and Corporate Controller. SEC filings show that Harrison Gina sold 689 shares of the company’s common stock on Sep 06 ’24 at a price of $107.67 per share for a total of $74185.0. Following the sale, the insider now owns 21601.0 shares.
Still, SEC filings show that on Sep 03 ’24, FEGO PAUL J (Officer) Proposed Sale 2,500 shares at an average price of $113.84 for $0.28 million. The insider now directly holds shares of Qorvo Inc (QRVO).
