The price of Broadcom Inc (NASDAQ: AVGO) closed at $1293.12 in the last session, down -1.19% from day before closing price of $1308.72. In other words, the price has decreased by -$15.60 from its previous closing price. On the day, 3094028 shares were traded.
Ratios:
We take a closer look at AVGO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on March 08, 2024, Reiterated its Market Perform rating but revised its target price to $1400 from $1000 previously.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $1300.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 05 ’24 when Spears Kirsten M. sold 2,500 shares for $1043.14 per share. The transaction valued at 2,607,860 led to the insider holds 26,880 shares of the business.
TAN HOCK E sold 20,000 shares of AVGO for $22,449,113 on Dec 21 ’23. The President and CEO now owns 209,796 shares after completing the transaction at $1122.46 per share. On Dec 20 ’23, another insider, HARTENSTEIN EDDY W, who serves as the Director of the company, sold 800 shares for $1140.30 each. As a result, the insider received 912,239 and left with 810 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVGO now has a Market Capitalization of 606.50B and an Enterprise Value of 670.54B. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.93, and their Forward P/E ratio for the next fiscal year is 22.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.42 while its Price-to-Book (P/B) ratio in mrq is 22.32. Its current Enterprise Value per Revenue stands at 17.25 whereas that against EBITDA is 33.71.
Stock Price History:
Over the past 52 weeks, AVGO has reached a high of $1438.17, while it has fallen to a 52-week low of $601.29. The 50-Day Moving Average of the stock is 1,216.46, while the 200-Day Moving Average is calculated to be 969.04.
Shares Statistics:
According to the various share statistics, AVGO traded on average about 3.37M shares per day over the past 3-months and 3.62M shares per day over the past 10 days. A total of 463.42M shares are outstanding, with a floating share count of 453.98M. Insiders hold about 2.04% of the company’s shares, while institutions hold 78.23% stake in the company. Shares short for AVGO as of Feb 15, 2024 were 5.09M with a Short Ratio of 1.51, compared to 5.04M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.09% and a Short% of Float of 1.35%.
Dividends & Splits
The forward annual dividend rate for AVGO is 19.05, which was 19.70 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.51%, it implies a Forward Annual Dividend Yield of 1.62%. The stock’s 5-year Average Dividend Yield is 3.00.
Earnings Estimates
The company has 23 analysts who recommend its stock at the moment. On average, analysts expect EPS of $10.82 for the current quarter, with a high estimate of $11.74 and a low estimate of $10.15, while EPS last year was $10.32. The consensus estimate for the next quarter is $11.86, with high estimates of $12.75 and low estimates of $11.48.
Analysts are recommending an EPS of between $51.6 and $35.57 for the fiscal current year, implying an average EPS of $46.47. EPS for the following year is $56.82, with 29 analysts recommending between $64.66 and $47.74.
Revenue Estimates
A total of 32 analysts have provided revenue estimates for AVGO’s current fiscal year. The highest revenue estimate was $51.78B, while the lowest revenue estimate was $49.73B, resulting in an average revenue estimate of $50.3B. In the same quarter a year ago, actual revenue was $35.82B, up 40.40% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $56.92B in the next fiscal year. The high estimate is $61.66B and the low estimate is $53.87B. The average revenue growth estimate for next year is up 13.20% from the average revenue estimate for this year.
