Qorvo Inc (NASDAQ: QRVO) has reported E.P.S. of $0.00 for its first fiscal quarter (ending June 30) versus $-0.44 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.28 compared to $-0.16 a year ago.
Recent Price Action
On 7/30/24, Qorvo Inc (NASDAQ: QRVO) stock declined by -2.5%, closing at $119.46. Moreover, this decline was accompanied by exceptionally high trading volume at 200% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.8% 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Qorvo has a poor Appreciation Score of 20 but a slightly positive Power Rating of 60, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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