Qorvo (QRVO) : Traders are bullish on Qorvo (QRVO) as it has outperformed the S&P 500 by a wide margin of 1.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.69%, relative to the S&P 500. The stock has risen by 6.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.84% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 2.66%.The 200 Day SMA reached 10.6% Qorvo, Inc. is up 2.31% in the last 3-month period. Year-to-Date the stock performance stands at 9.55%.
Qorvo (QRVO) : Currently there are 17 street experts covering Qorvo (QRVO) stock. The most bullish and bearish price target for the stock is $72 and $50 respectively for the short term. The average price target of all the analysts comes to $63. The estimated standard deviation from the target is $6.91.
For the current week, the company shares have a recommendation consensus of Buy. Qorvo (NASDAQ:QRVO): stock was range-bound between the intraday low of $54.98 and the intraday high of $56.67 after having opened at $56.67 on Fridays session. The stock finally closed in the red at $56.67, a loss of -1.36%. The stock remained in the red for the whole trading day. The total traded volume was 3,648,213 shares. The stock failed to cross $56.67 in Fridays trading. The stocks closing price on Thursday was $56.53.
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.