Daily Market Movement: Broadcom Inc (AVGO) Sees a -3.77 Decrease, Closing at 1734.56

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The closing price of Broadcom Inc (NASDAQ: AVGO) was $1734.56 for the day, down -3.77% from the previous closing price of $1802.52. In other words, the price has decreased by -$3.77 from its previous closing price. On the day, 6.65 million shares were traded. AVGO stock price reached its highest trading level at $1804.75 during the session, while it also had its lowest trading level at $1722.2201.

Ratios:

Our analysis of AVGO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 1.06 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, Citigroup on June 11, 2024, Reiterated its Buy rating and also kept its target price maintained to $1560.

On June 03, 2024, Melius started tracking the stock assigning a Buy rating and target price of $1850.

On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $1550.Jefferies initiated its Buy rating on May 13, 2024, with a $1550 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 17 ’24 when Kawwas Charlie B sold 2,520 shares for $1830.95 per share. The transaction valued at 4,613,997 led to the insider holds 77,848 shares of the business.

PAGE JUSTINE sold 312 shares of AVGO for $561,600 on Jun 17 ’24. The Director now owns 3,002 shares after completing the transaction at $1800.00 per share. On Apr 10 ’24, another insider, Brazeal Mark David, who serves as the Chief Legal & Corp Affairs Ofc of the company, sold 2,500 shares for $1316.46 each. As a result, the insider received 3,291,150 and left with 41,974 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 838970310656 and an Enterprise Value of 742283149312. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 74.62, and their Forward P/E ratio for the next fiscal year is 28.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.95 while its Price-to-Book (P/B) ratio in mrq is 11.53. Its current Enterprise Value per Revenue stands at 17.417 whereas that against EBITDA is 34.864.

Stock Price History:

The Beta on a monthly basis for AVGO is 1.22, which has changed by 1.1097853 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, AVGO has reached a high of $1851.62, while it has fallen to a 52-week low of $795.09. The 50-Day Moving Average of the stock is 25.89%, while the 200-Day Moving Average is calculated to be 51.44%.

Shares Statistics:

AVGO traded an average of 2.96M shares per day over the past three months and 5597000 shares per day over the past ten days. A total of 465.49M shares are outstanding, with a floating share count of 455.99M. Insiders hold about 2.04% of the company’s shares, while institutions hold 77.85% stake in the company. Shares short for AVGO as of 1715731200 were 5244791 with a Short Ratio of 1.91, compared to 1713139200 on 5827827. Therefore, it implies a Short% of Shares Outstanding of 5244791 and a Short% of Float of 1.2999999.

Dividends & Splits

With its trailing 12-month dividend rate of 20.35, AVGO has a forward annual dividend rate of 19.70. Against a Trailing Annual Dividend Yield of 0.01128975The stock’s 5-year Average Dividend Yield is 2.92.

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