Stock To Watch: QLogic Corporation (NASDAQ:QLGC)


The leading market experts have placed a mean price target of $14.83 on QLogic Corporation (NASDAQ:QLGC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.25 a share for the upcoming quarter and $1.05 for the current fiscal. Technical View The technical analysis of QLogic Corporation plainly substantiates that the 50-day moving average of QLogic Corporation is $14.44, and stock is hovering 0.65 or +4.50% distant from $14.44. It is noted that the 200-day MA is $13.19, and QLogic Corporation stock is $1.90 or +14.37% off from this point. QLogic Corporation (NASDAQ:QLGC) 52-week high is $15.14 and the 52-week low is $8.37. This explains if the stock moves $-0.05, it will post a 52-week high. In event of $+80.29% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of QLogic Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, QLogic Corporation (NASDAQ:QLGC) ratio came in at 27.94. The stock last ended the trading session at $15.09 and registered a market cap of $1.26B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. QLogic Corporation (NASDAQ:QLGC) PEG ratio is at 2.16.

1 Chart Pattern Every Investor Should Know

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