Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Qorvo Inc’s current trading price is -19.87% away from its 52-week high, while its distance from the 52-week low is 30.19%. The stock’s price range over this period has fluctuated between $80.62 and $130.99. The company, operating within the financial sector, had a trading volume of approximately 2.48 million for the day, which was noticeably higher than the average daily share volume of 1.38 million over the last 3 months.
Qorvo Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $130.99 on 07/16/24 and the lowest value was $80.62 on 11/02/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Qorvo Inc (QRVO) has experienced a quarterly decline of -6.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.96B and boasts a workforce of 8700 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 109.03, with a change in price of +9.01. Similarly, Qorvo Inc recorded 1,389,644 in trading volume during the last 100 days, posting a change of +9.39%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for QRVO stands at 0.56. Similarly, the long-term debt-to-equity ratio is also 0.44.
QRVO Stock Stochastic Average
Today, Qorvo Inc’s raw stochastic average for the past 50 days stands at 21.92%, indicating a decline from the raw stochastic average of the last 20 days, which was 32.53%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 24.78% and 21.43% respectively.
QRVO Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -6.79% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -8.41%. Over the past 30 days, the price of QRVO has leaped by -7.66%. And in the last five days, it has surged by 1.73%.
