Time for Investors to Take the Plunge on Qorvo, Inc. (NASDAQ:QRVO)

Equity Research firms currently have a positive stance on shares of Qorvo, Inc. (NASDAQ:QRVO). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $63.40 on a short term basis.

At the time of writing, the stock was trading at $54.24. This represents a change from the opening price of -0.15%. In terms of performance, year to date, the stock is 6.39%. The monthly stock performance comes in at -6.23%. For the quarter, shares are performing at 4.50%. Weekly performance analysis shows the equity at 0.30%.

In taking a look at technical levels, shares are trading -3.88% away from the 50 day simple moving average and 7.75% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -16.30% away from it’s 52- week high and 62.88% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Qorvo, Inc.’s RSI stands at 46.10. In looking at volatility levels, the shares saw weekly volatility of 3.45% and 3.07% over the past month.

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