For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Qualcomm, Inc. (NASDAQ: QCOM) was $171.85 for the day, down -1.20% from the previous closing price of $173.93. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 6.28 million shares were traded. QCOM stock price reached its highest trading level at $175.67 during the session, while it also had its lowest trading level at $169.65.
Ratios:
Our analysis of QCOM’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 14.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.53.
On August 02, 2024, DZ Bank Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $210.
HSBC Securities Downgraded its Buy to Hold on July 17, 2024, while the target price for the stock was maintained at $200.
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 Aug 08 ’24 when Palkhiwala Akash J. sold 3,000 shares for $162.89 per share. The transaction valued at 488,662 led to the insider holds 57,437 shares of the business.
THOMPSON JAMES H sold 4,539 shares of QCOM for $746,212 on Aug 08 ’24. The Chief Technology Officer now owns 0 shares after completing the transaction at $164.40 per share. On Aug 08 ’24, another insider, Akash Palkhiwala, who serves as the Chief Financial Officer of the company, bought 3,000 shares for $164.95 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QCOM now has a Market Capitalization of 191440912384 and an Enterprise Value of 192962904064. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.28, and their Forward P/E ratio for the next fiscal year is 15.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.13 while its Price-to-Book (P/B) ratio in mrq is 7.77. Its current Enterprise Value per Revenue stands at 5.166 whereas that against EBITDA is 16.685.
Stock Price History:
Over the past 52 weeks, QCOM has reached a high of $230.63, while it has fallen to a 52-week low of $104.33. The 50-Day Moving Average of the stock is -7.84%, while the 200-Day Moving Average is calculated to be 2.72%.
Shares Statistics:
QCOM traded an average of 10.12M shares per day over the past three months and 6945590 shares per day over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.11B. Insiders hold about 0.15% of the company’s shares, while institutions hold 77.83% stake in the company. Shares short for QCOM as of 1723680000 were 30129609 with a Short Ratio of 2.98, compared to 1721001600 on 28566603. Therefore, it implies a Short% of Shares Outstanding of 30129609 and a Short% of Float of 2.71.
Dividends & Splits
With its trailing 12-month dividend rate of 3.25, QCOM has a forward annual dividend rate of 3.25. Against a Trailing Annual Dividend Yield of 0.018685678The stock’s 5-year Average Dividend Yield is 2.26.
