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After finishing at $182.31 in the prior trading day, Broadcom Inc (NASDAQ: AVGO) closed at $175.98, down -3.47%. In other words, the price has decreased by -$3.47 from its previous closing price. On the day, 26.92 million shares were traded. AVGO stock price reached its highest trading level at $181.7 during the session, while it also had its lowest trading level at $173.3701.
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 82.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.06. 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.
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, Mizuho on October 14, 2024, Reiterated its Outperform rating but revised its target price to $220 from $190 previously.
TD Cowen reiterated its Buy rating for the stock on July 16, 2024, while the target price for the stock was revised from $175 to $210.
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 Oct 09 ’24 when Brazeal Mark David sold 18,900 shares for $182.88 per share. The transaction valued at 3,456,338 led to the insider holds 380,560 shares of the business.
Brazeal Mark David bought 18,900 shares of AVGO for $3,429,405 on Oct 11 ’24. On Oct 11 ’24, another insider, Kawwas Charlie B, who serves as the Officer of the company, bought 15,950 shares for $181.44 each.
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 821928656896 and an Enterprise Value of 101706776576. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 153.19, and their Forward P/E ratio for the next fiscal year is 28.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.56 while its Price-to-Book (P/B) ratio in mrq is 12.52. Its current Enterprise Value per Revenue stands at 2.173 whereas that against EBITDA is 4.43.
Stock Price History:
Over the past 52 weeks, AVGO has reached a high of $186.42, while it has fallen to a 52-week low of $81.83. The 50-Day Moving Average of the stock is 7.32%, while the 200-Day Moving Average is calculated to be 22.58%.
Shares Statistics:
The stock has traded on average 27.64M shares per day over the past 3-months and 19138510 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 2.02% of the company’s shares, while institutions hold 77.73% stake in the company. Shares short for AVGO as of 1727654400 were 64009975 with a Short Ratio of 2.32, compared to 1724976000 on 54738162. Therefore, it implies a Short% of Shares Outstanding of 64009975 and a Short% of Float of 1.5800001000000001.
Dividends & Splits
In the trailing 12 months, AVGO’s forward annual dividend rate was 2.105, compared to 16.28 this year. Against a Trailing Annual Dividend Yield of 0.011546267The stock’s 5-year Average Dividend Yield is 2.77.
