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As of close of business last night, Broadcom Inc’s stock clocked out at $165.78, down -0.10% from its previous closing price of $165.95. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 16.04 million shares were traded. AVGO stock price reached its highest trading level at $166.47 during the session, while it also had its lowest trading level at $162.88.
Ratios:
To gain a deeper understanding of AVGO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 78.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.80. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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, PAGE JUSTINE, who serves as the Director of the company, sold 312 shares for $1800.00 each. As a result, the insider received 561,600 and left with 3,002 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 771685941248 and an Enterprise Value of 97514577920. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.32, and their Forward P/E ratio for the next fiscal year is 27.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.11 while its Price-to-Book (P/B) ratio in mrq is 11.02. Its current Enterprise Value per Revenue stands at 2.288 whereas that against EBITDA is 4.58.
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 3.66%, while the 200-Day Moving Average is calculated to be 27.04%.
Shares Statistics:
It appears that AVGO traded 37.25M shares on average per day over the past three months and 20920710 shares per day over the past ten days. A total of 4.65B shares are outstanding, with a floating share count of 4.56B. Insiders hold about 2.12% of the company’s shares, while institutions hold 77.08% stake in the company. Shares short for AVGO as of 1722384000 were 50938944 with a Short Ratio of 1.37, compared to 1719532800 on 53739350. Therefore, it implies a Short% of Shares Outstanding of 50938944 and a Short% of Float of 1.26.
Dividends & Splits
With its trailing 12-month dividend rate of 2.035, AVGO has a forward annual dividend rate of 20.35. Against a Trailing Annual Dividend Yield of 0.012262731The stock’s 5-year Average Dividend Yield is 2.85.
Earnings Estimates
The performance of Broadcom Inc (AVGO) in the stock market is under the watchful eye of 29.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is $1.22, with high estimates of $1.32 and low estimates of $0.93.
Analysts are recommending an EPS of between $4.8 and $3.46 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $5.43, with 35.0 analysts recommending between $6.6 and $4.48.
Revenue Estimates
For the next quarter, 28 analysts are estimating revenue of $12.6B. There is a high estimate of $13.16B for the next quarter, whereas the lowest estimate is $12.22B.
A total of 35 analysts have provided revenue estimates for AVGO’s current fiscal year. The highest revenue estimate was $47.08B, while the lowest revenue estimate was $45.71B, resulting in an average revenue estimate of $46.23B. In the same quarter a year ago, actual revenue was $32.19BBased on 35 analysts’ estimates, the company’s revenue will be $53.92B in the next fiscal year. The high estimate is $58.85B and the low estimate is $51.48B.
