Buzzing Stock: QLogic Corporation (NASDAQ:QLGC)


As per the research groups listed in Thomson Reuters survey, QLogic Corporation (NASDAQ:QLGC), the stock can touch mean price target of $14.500 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.300 per share in looming quarter and $1.100 during current fiscal.

Technical Forecast

While evaluating QLogic Corporation on the technical side, it is seen that the firm’s shares price is trading $0.944 points away or +6.215% from its 50-day moving average of $15.191. Further it is trading $2.469 or +18.062% away its 200-day moving average of $13.667. MA here stands for moving average.

QLogic Corporation (NASDAQ:QLGC) stock made a high of $16.139 in last 12-months while the lowest level in same period was $8.810. It entails if stock price makes a movement of over $-0.004, it will make a new 52-week high. In the case of +83.144% decline, it will touch a new 52-week low.

Valuation Level

The valuation of QLogic Corporation is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, QLogic Corporation (NASDAQ:QLGC) P/E ratio is 21.982. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for QLogic Corporation it stands at 11.120.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 23 times, 1 visits today)