Qorvo Inc (NASDAQ: QRVO) stock suffered a major decline of -27.3% on 10/30/24. The shares closed at $73.04. Moreover, exceptionally high trading volume at 703% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -27.5% during the last week.
Current PriceTarget Research Rating
QRVO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Qorvo has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Qorvo has a neutral Power Rating of 46 but a poor Appreciation Score of 28, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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