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The price of Broadcom Inc (NASDAQ: AVGO) closed at $150.22 in the last session, down -0.93% from day before closing price of $151.63. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 16.55 million shares were traded. AVGO stock price reached its highest trading level at $155.0 during the session, while it also had its lowest trading level at $149.15.
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 71.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.88. 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, TD Cowen on July 16, 2024, Reiterated its Buy rating but revised its target price to $210 from $175 previously.
On July 11, 2024, Rosenblatt reiterated its Buy rating and also lowered its target price recommendation from $1650 to $2400.
Citigroup reiterated its Buy rating for the stock on June 11, 2024, and also maintained the target price at $1560.
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 Jul 11 ’24 when TAN HOCK E sold 7,502 shares for $1705.95 per share. The transaction valued at 12,798,037 led to the insider holds 138,191 shares of the business.
PAGE JUSTINE sold 254 shares of AVGO for $444,566 on Jun 20 ’24. The Director now owns 2,748 shares after completing the transaction at $1750.26 per share. On Jun 17 ’24, another insider, Kawwas Charlie B, who serves as the President, Semi Solutions Grp of the company, sold 2,520 shares for $1830.95 each. As a result, the insider received 4,613,997 and left with 77,848 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 699256012800 and an Enterprise Value of 91119419392. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 64.63, and their Forward P/E ratio for the next fiscal year is 24.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.41 while its Price-to-Book (P/B) ratio in mrq is 9.98. Its current Enterprise Value per Revenue stands at 2.138 whereas that against EBITDA is 4.28.
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 -3.32%, while the 200-Day Moving Average is calculated to be 20.27%.
Shares Statistics:
According to the various share statistics, AVGO traded on average about 35.91M shares per day over the past 3-months and 28573130 shares per day over the past 10 days. A total of 4.65B shares are outstanding, with a floating share count of 4.56B. Insiders hold about 2.02% of the company’s shares, while institutions hold 77.41% stake in the company. Shares short for AVGO as of 1721001600 were 50829200 with a Short Ratio of 1.42, compared to 1718323200 on 57873490. Therefore, it implies a Short% of Shares Outstanding of 50829200 and a Short% of Float of 1.26.
Dividends & Splits
The forward annual dividend rate for AVGO is 2.04, which was 2.035 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.013420827The stock’s 5-year Average Dividend Yield is 2.88.
