Home News Current Technicals: Qorvo (NASDAQ: QRVO)

Current Technicals: Qorvo (NASDAQ: QRVO)

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Qorvo is in the technology sector and is part of the semiconductors industry. The company CEO is Robert A. Bruggeworth. Qorvo Inc is a semiconductor product manufacturer. It sells its products to companies engaged in the telecommunication, infrastructure and defense industries.

Previous Intraday Trading Performance:

The QRVO stock showed a previous change of -4.16% with an open at 61.55 and a close of 61.27. It reached an intraday high of 62.88 and a low of 60.70.

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Liquidity:

The stock has a market cap of $7.3b with 119.1m shares outstanding, of which the float is 118.4m shares. Trading volume reached 3,117,197 shares compared to its average volume of 1,691,503 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Qorvo shares returned -15.91% and in the past 30 trading days it returned -18.58%. Over three months, it changed -6.97%. In one year it has changed -24.50% and within that year its 52-week high was 86.50 and its 52-week low was 54.74. QRVO stock is 11.94% above its 52 Week Low.

Our calculations show a 200 day moving average of 70.87 and a 50 day moving average of 73.19. Currently QRVO stock is trading -13.54% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.05 that ended on 31st of March 2019, which according to the previous close, that is a PE of 58.35. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.60. The TTM EPS is 4.72, which comes to a TTM PE of 12.98.

Base on our calculations, the intrinsic value per share is 81.97, which means it is possibly undervalued and has a margin of safety of 25.26%

Indicators to Watch:

The current calculated beta is 1.01

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 2.91%, return on assets is 2.18%, profit margin is 4.31%, price-to-sales is 2.46 and price-to-book is 1.98.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.