Qorvo (QRVO) has been under a strong bear grip, hence the stock is down -2.71% 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 1.42% in the past 1 week. The stock has risen by 1.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 1.59%.The 200 Day SMA reached 10.78%
Qorvo (NASDAQ:QRVO): After opening at $54.11, the stock dipped to an intraday low of $53.86 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $56.21 and the buying power remained strong till the end. The stock closed at $55.74 for the day, a gain of 3.84% for the day session. The total traded volume was 2,216,516. The stocks close on the previous trading day was $55.74.
Qorvo (QRVO) : 17 investment research analysts covering Qorvo (QRVO) have an average price target of $63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $72 and the lowest target is $50 for the short term. Analysts expect the variance to be within $6.91 of the average price.
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.