Why QLogic Corporation (NASDAQ:QLGC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.50 on QLogic Corporation (NASDAQ:QLGC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.10 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of QLogic Corporation (NASDAQ:QLGC) stands at 21.47. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For QLogic Corporation, the PEG ratio for coming 3-5 years is 11.02. Technical Analysis The technical analysis highlights that QLogic Corporation current price is trading $0.71 points away +4.74% from $15.05, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $13.52 and, for now, the stock price is trading $2.24 or +16.58% away from that point. The 52-week high of QLogic Corporation (NASDAQ:QLGC) was $15.78 while lowest point recorded in 52-week was $8.81. It implies if stock price makes a movement of over $-0.02, it will record a new 52-week high. In the case of $+78.89% points drop, it will touch a new 52-week low.

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 27 times, 1 visits today)