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After finishing at $174.84 in the prior trading day, Broadcom Inc (NASDAQ: AVGO) closed at $175.52, up 0.39%. In other words, the price has increased by $0.39 from its previous closing price. On the day, 15.84 million shares were traded. AVGO stock price reached its highest trading level at $177.14 during the session, while it also had its lowest trading level at $173.76.
Ratios:
Our goal is to gain a better understanding of AVGO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 1.02.
On July 16, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $175 to $210.
Rosenblatt reiterated its Buy rating for the stock on July 11, 2024, while the target price for the stock was revised from $1650 to $2400.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 25 ’24 when DELLY GAYLA J bought 750 shares for $174.53 per share.
Kawwas Charlie B sold 25,200 shares of AVGO for $4,240,505 on Sep 19 ’24. The President, Semi Solutions Grp now owns 753,280 shares after completing the transaction at $168.27 per share. On Sep 17 ’24, another insider, TAN HOCK E, who serves as the President and CEO of the company, sold 50,000 shares for $163.37 each. As a result, the insider received 8,168,550 and left with 1,331,910 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 819780255744 and an Enterprise Value of 101517721600. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 152.79, and their Forward P/E ratio for the next fiscal year is 28.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.51 while its Price-to-Book (P/B) ratio in mrq is 12.49. Its current Enterprise Value per Revenue stands at 2.168 whereas that against EBITDA is 4.422.
Stock Price History:
Over the past 52 weeks, AVGO has reached a high of $185.16, while it has fallen to a 52-week low of $80.44. The 50-Day Moving Average of the stock is 11.74%, while the 200-Day Moving Average is calculated to be 26.77%.
Shares Statistics:
The stock has traded on average 32.77M shares per day over the past 3-months and 35040550 shares per day over the last 10 days, according to various share statistics. A total of 4.67B shares are outstanding, with a floating share count of 4.58B. Insiders hold about 2.03% of the company’s shares, while institutions hold 76.64% stake in the company. Shares short for AVGO as of 1724976000 were 54738162 with a Short Ratio of 1.70, compared to 1722384000 on 50938944. Therefore, it implies a Short% of Shares Outstanding of 54738162 and a Short% of Float of 1.35.
Dividends & Splits
In the trailing 12 months, AVGO’s forward annual dividend rate was 2.105, compared to 2.10 this year. Against a Trailing Annual Dividend Yield of 0.012039579The stock’s 5-year Average Dividend Yield is 2.81.
