In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Qualcomm, Inc. (NASDAQ: QCOM) closed at $161.44 down -1.75% from its previous closing price of $164.32. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 9.07 million shares were traded. QCOM stock price reached its highest trading level at $164.1 during the session, while it also had its lowest trading level at $159.86.
Ratios:
For a deeper understanding of Qualcomm, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 2.56. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.63.
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, Evercore ISI on April 16, 2024, initiated with a In-line rating and assigned the stock a target price of $177.
On February 01, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $160 to $170.
Citigroup Downgraded its Buy to Neutral on February 01, 2024, while the target price for the stock was maintained at $160.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 04 ’24 when Palkhiwala Akash J. sold 3,000 shares for $173.49 per share. The transaction valued at 520,480 led to the insider holds 69,343 shares of the business.
THOMPSON JAMES H sold 8,000 shares of QCOM for $1,346,160 on Apr 01 ’24. The Chief Technology Officer now owns 261,893 shares after completing the transaction at $168.27 per share. On Mar 07 ’24, another insider, AMON CRISTIANO R, who serves as the President & CEO of the company, sold 8,100 shares for $169.60 each. As a result, the insider received 1,373,760 and left with 16,200 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, QCOM now has a Market Capitalization of 180167049216 and an Enterprise Value of 183593041920. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.40, and their Forward P/E ratio for the next fiscal year is 14.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.96 while its Price-to-Book (P/B) ratio in mrq is 7.83. Its current Enterprise Value per Revenue stands at 5.059 whereas that against EBITDA is 16.916.
Stock Price History:
Over the past 52 weeks, QCOM has reached a high of $177.59, while it has fallen to a 52-week low of $101.47. The 50-Day Moving Average of the stock is -1.46%, while the 200-Day Moving Average is calculated to be 20.63%.
Shares Statistics:
For the past three months, QCOM has traded an average of 8.88M shares per day and 6660450 over the past ten days. A total of 1.11B shares are outstanding, with a floating share count of 1.11B. Insiders hold about 0.21% of the company’s shares, while institutions hold 76.36% stake in the company. Shares short for QCOM as of 1711584000 were 19406325 with a Short Ratio of 2.19, compared to 1709164800 on 17222603. Therefore, it implies a Short% of Shares Outstanding of 19406325 and a Short% of Float of 1.7399999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for QCOM is 3.20, from 3.15 in the trailing year. The stock’s 5-year Average Dividend Yield is 2.37.
Earnings Estimates
As of right now, QUALCOMM Incorporated analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $48.58, with high estimates of $20.03 and low estimates of $48.72.
