Qorvo (QRVO) : During the past 4 weeks, traders have been relatively bearish on Qorvo (QRVO), hence the stock is down -4.12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -13.31% relative to the S&P 500. The 4-week change in the price of the stock is -1.73% and the stock has fallen -12.94% in the past 1 week.
Qorvo (NASDAQ:QRVO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.79 and $53.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.05, notching a gain of 3.07% for the day. The total traded volume was 2,741,894 . The stock had closed at $53.41 on the previous day.
The stock has recorded a 20-day Moving Average of 7.75% and the 50-Day Moving Average is 2.12%. Qorvo, Inc. is up 19.39% in the last 3-month period. Year-to-Date the stock performance stands at 8.15%.
Qorvo (QRVO) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $72 and the lowest price target forecast is $50. The average forecast of all the analysts is $63 and the expected standard deviation is $6.91.
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.