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The price of Broadcom Inc (NASDAQ: AVGO) closed at $161.67 in the last session, down -0.49% from day before closing price of $162.47. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 25.95 million shares were traded. AVGO stock price reached its highest trading level at $167.469 during the session, while it also had its lowest trading level at $161.36.
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 75.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.48. 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:
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 Sep 17 ’24 when TAN HOCK E bought 50,000 shares for $163.37 per share.
TAN HOCK E sold 7,502 shares of AVGO for $12,798,037 on Jul 11 ’24. The President and CEO now owns 138,191 shares after completing the transaction at $1705.95 per share. On Jun 20 ’24, another insider, PAGE JUSTINE, who serves as the Director of the company, sold 254 shares for $1750.26 each. As a result, the insider received 444,566 and left with 2,748 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 755092684800 and an Enterprise Value of 95825371136. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 140.73, and their Forward P/E ratio for the next fiscal year is 26.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.13 while its Price-to-Book (P/B) ratio in mrq is 11.50. Its current Enterprise Value per Revenue stands at 2.047 whereas that against EBITDA is 4.174.
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 $79.51. The 50-Day Moving Average of the stock is 2.77%, while the 200-Day Moving Average is calculated to be 18.42%.
Shares Statistics:
According to the various share statistics, AVGO traded on average about 34.86M shares per day over the past 3-months and 36934980 shares per day over the past 10 days. 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 76.62% stake in the company. Shares short for AVGO as of 1724976000 were 54738162 with a Short Ratio of 1.57, 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
The forward annual dividend rate for AVGO is 20.35, which was 2.105 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.012956238The stock’s 5-year Average Dividend Yield is 2.81.
