Qorvo Inc. (NASDAQ:QRVO) previous close was $178.63 while the outstanding shares total 113.81M. The firm has a beta of 1.39, a 12-month trailing P/E ratio of 28.47, and a growth ratio of 1.76. QRVO’s shares traded higher over the last trading session, gaining 1.11% on 05/25/21. The shares fell to a low of $179.46 before closing at $180.62. Intraday shares traded counted 1.04 million, which was 14.32% higher than its 30-day average trading volume of 1.21M. The stock’s Relative Strength Index (RSI) is 51.30, with weekly volatility at 2.92% and ATR at 6.20. The QRVO stock’s 52-week price range has touched low of $100.11 and a $201.68 high.
Investors have identified the Semiconductors company Qorvo Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $20.59 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Qorvo Inc. (QRVO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2.48 billion total, with 681.58 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 11.85 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on QRVO sounds very interesting.
Is the stock of QRVO attractive?
In related news, President and CEO, BRUGGEWORTH ROBERT A sold 7,615 shares of the company’s stock in a transaction that recorded on May 20. The sale was performed at an average price of 174.64, for a total value of 1,329,884. As the sale deal closes, the President and CEO, BRUGGEWORTH ROBERT A now sold 5,920 shares of the company’s stock, valued at 981,240. Also, President and CEO, BRUGGEWORTH ROBERT A sold 662 shares of the company’s stock in a deal that was recorded on May 18. The shares were price at an average price of 172.75 per share, with a total market value of 114,360. Following this completion of acquisition, the President and CEO, BRUGGEWORTH ROBERT A now holds 788 shares of the company’s stock, valued at 132,999. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
12 out of 22 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Qorvo Inc.. 0 analysts has assigned a Sell rating on the QRVO stock. The 12-month mean consensus price target for the company’s shares has been set at $204.52.