Stock To Watch: QLogic Corporation (NASDAQ:QLGC)


The leading market experts have placed a mean price target of $14.50 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 $0.00 a share for the upcoming quarter and $1.09 for the current fiscal.

Technical View

The technical analysis of QLogic Corporation plainly substantiates that the 50-day moving average of QLogic Corporation is $15.28, and stock is trading $0.79 points away or +5.19% from its 50-day moving average of $15.28. Further it is trading $2.32 or +16.91% away its 200-day moving average of $13.75. QLogic Corporation (NASDAQ:QLGC) 52-week high is $16.14 and the 52-week low is $8.81.

This explains if the stock moves $-0.07, it will post a 52-week high. In event of +82.41% 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 N/A.

The stock last ended the trading session at $16.07 and registered a market cap of $N/A. 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 0.00.

1 Chart Pattern Every Investor Should Know

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