Qorvo (QRVO) has been under a strong bear grip, hence the stock is down -8.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.15% in the past 1 week. The stock has risen by 2.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.87% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.16% and the fifty day Moving Average is 1.38%. Qorvo, Inc. is up 14.03% in the last three month period. Year-to-Date the stock performance stands at 13.2%.
Qorvo (QRVO) : Average target price received by Qorvo (QRVO) is $63 with an expected standard deviation of $6.91. The most aggressive target on the stock is $72, whereas the most downbeat target is $50. 17 financial analysts are currently covering the stock.
Qorvo (NASDAQ:QRVO): On Fridays trading session , Opening price of the stock was $57.84 with an intraday high of $58.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $56.7. However, the stock managed to close at $57.62, a loss of 0.55% for the day. On the previous day, the stock had closed at $57.94. The total traded volume of the day was 1,294,648 shares.
Qorvo, Inc. provides core technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.