Is Qorvo Inc (NASDAQ: QRVO) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

QRVO belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. The current market capitalization of Qorvo Inc is $9.92B. A total of 1.22 million shares were traded on the day, compared to an average of 1.38M shares.

In the most recent transaction, Harrison Gina sold 689 shares of QRVO for 107.67 per share on Sep 06 ’24. After the transaction, the VP and Corporate Controller now owns 21,601 company shares. In a previous transaction on Sep 06 ’24, Harrison Gina bought 689 shares at 107.67 per share.

Among the insiders who bought shares, FEGO PAUL J acquired of 2,500 shares on Sep 03 ’24 at a per-share price of $113.84. In another insider transaction, Nelson Roderick sold 2,132 shares at $111.51 per share on Aug 27 ’24. Company shares held by the Director now total 7,692.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, QRVO has a high of $130.99 and a low of $80.62.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. QRVO’s latest balance sheet shows that the firm has $972.59M in Cash & Short Term Investments as of fiscal 2022. There were $2.05B in debt and $675.13M in liabilities at the time. Its Book Value Per Share was $36.71, while its Total Shareholder’s Equity was $4.55B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QRVO is Buy with a score of 3.24.

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