Qorvo Inc (NASDAQ: QRVO) stock closed at $95.67 on 5/2/24 after a major decline of -14.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 476% of normal. The stock has declined -14.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, QRVO is expected to continue to be a major Value Builder.
Qorvo has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Qorvo has a slightly negative Appreciation Score of 35 but a good Power Rating of 75, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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