Trade-Ideas: Qorvo (QRVO) Is Today's Post-Market Leader Stock
Trade-Ideas LLC identified
(
) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Qorvo as such a stock due to the following factors:
- QRVO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $83.7 million.
- QRVO is up 5.3% today from today's close.
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More details on QRVO:
Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, defense, and aerospace applications in the United States and internationally. The company operates through Mobile Products, and Infrastructure and Defense Products segments. QRVO has a PE ratio of 28. Currently there are 12 analysts that rate Qorvo a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Qorvo has been 1.9 million shares per day over the past 30 days. Qorvo has a market cap of $6.8 billion and is part of the technology sector and electronics industry. Shares are unchanged year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Qorvo as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- QRVO's very impressive revenue growth greatly exceeded the industry average of 12.9%. Since the same quarter one year prior, revenues leaped by 113.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- QRVO has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.96, which clearly demonstrates the ability to cover short-term cash needs.
- Net operating cash flow has significantly increased by 290.03% to $141.43 million when compared to the same quarter last year. In addition, QORVO INC has also vastly surpassed the industry average cash flow growth rate of -30.92%.
- The gross profit margin for QORVO INC is rather high; currently it is at 66.13%. It has increased significantly from the same period last year. Despite the strong results of the gross profit margin, QRVO's net profit margin of 0.30% significantly trails the industry average.
- You can view the full Qorvo Ratings Report.
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