During the recent session, Qorvo Inc (NASDAQ:QRVO)’s traded shares were 2.51 million, with the beta value of the company hitting 1.37. At the last check today, the stock’s price was $78.94, reflecting an intraday loss of -1.69% or -$1.36. The 52-week high for the QRVO share is $130.99, that puts it down -65.94 from that peak though still a striking 37.34% gain since the share price plummeted to a 52-week low of $49.46. The company’s market capitalization is $7.34B, and the average intraday trading volume over the past 10 days was 1.46 million shares, and the average trade volume was 2.40 million shares over the past three months.
Qorvo Inc (QRVO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.63. QRVO has a Sell rating from 1 analyst(s) out of 17 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it.
Qorvo Inc (NASDAQ:QRVO) trade information
Qorvo Inc (QRVO) registered a -1.69% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.69% in intraday trading to $78.94, hitting a weekly high. The stock’s 5-day price performance is -3.45%, and it has moved by 0.03% in 30 days. Based on these gigs, the overall price performance for the year is -30.88%. The short interest in Qorvo Inc (NASDAQ:QRVO) is 5.89 million shares and it means that shorts have 2.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $75, which implies a decrease of -5.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $60 and $90 respectively. As a result, QRVO is trading at a discount of -14.01% off the target high and 23.99% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.96%. While earnings are projected to return -4.91% in 2025, the next five years will return 9.93% per annum.
QRVO Dividends
Qorvo Inc is due to release its next quarterly earnings on 2025-Apr-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.53 million shares, is of BLACKROCK INC.’s that is approximately 9.9863% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.11 billion.
