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After finishing at $1204.71 in the prior trading day, Broadcom Inc (NASDAQ: AVGO) closed at $1224.46, up 1.64%. In other words, the price has increased by $1.64 from its previous closing price. On the day, 2.52 million shares were traded. AVGO stock price reached its highest trading level at $1233.2 during the session, while it also had its lowest trading level at $1201.44.
Ratios:
Our goal is to gain a better understanding of AVGO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.05.
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, Barclays on April 17, 2024, Reiterated its Overweight rating but revised its target price to $1500 from $1405 previously.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $1620.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 10 ’24 when Brazeal Mark David sold 2,500 shares for $1316.46 per share. The transaction valued at 3,291,150 led to the insider holds 41,974 shares of the business.
PAGE JUSTINE sold 110 shares of AVGO for $145,530 on Apr 10 ’24. The Director now owns 3,125 shares after completing the transaction at $1323.00 per share. On Apr 05 ’24, another insider, Spears Kirsten M., who serves as the CFO & Chief Accounting Officer of the company, sold 3,000 shares for $1343.14 each. As a result, the insider received 4,029,435 and left with 43,459 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 567440441344 and an Enterprise Value of 532632076288. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.39, and their Forward P/E ratio for the next fiscal year is 21.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.60 while its Price-to-Book (P/B) ratio in mrq is 8.07. Its current Enterprise Value per Revenue stands at 13.705 whereas that against EBITDA is 26.104.
Stock Price History:
The Beta on a monthly basis for AVGO is 1.28, which has changed by 0.96852195 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, AVGO has reached a high of $1438.17, while it has fallen to a 52-week low of $601.29. The 50-Day Moving Average of the stock is -6.16%, while the 200-Day Moving Average is calculated to be 17.78%.
Shares Statistics:
The stock has traded on average 2.99M shares per day over the past 3-months and 2575720 shares per day over the last 10 days, according to various share statistics. A total of 463.42M shares are outstanding, with a floating share count of 453.83M. Insiders hold about 2.07% of the company’s shares, while institutions hold 78.21% stake in the company. Shares short for AVGO as of 1711584000 were 5483692 with a Short Ratio of 1.84, compared to 1709164800 on 5252275. Therefore, it implies a Short% of Shares Outstanding of 5483692 and a Short% of Float of 1.3599999999999999.
Dividends & Splits
In the trailing 12 months, AVGO’s forward annual dividend rate was 19.7, compared to 19.70 this year. The stock’s 5-year Average Dividend Yield is 2.97.
