Quarterly Metrics: Quick and Current Ratios for Qualcomm, Inc. (QCOM)

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As of close of business last night, Qualcomm, Inc.’s stock clocked out at $208.80, up 0.81% from its previous closing price of $207.12. In other words, the price has increased by $0.81 from its previous closing price. On the day, 5.13 million shares were traded. QCOM stock price reached its highest trading level at $209.24 during the session, while it also had its lowest trading level at $206.5567.

Ratios:

To gain a deeper understanding of QCOM’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 16.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.98 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.59.

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 June 04, 2024, Reiterated its Buy rating but revised its target price to $235 from $200 previously.

On May 31, 2024, BofA Securities reiterated its Buy rating and also lowered its target price recommendation from $180 to $245.

On April 23, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $200.The Benchmark Company initiated its Buy rating on April 23, 2024, with a $200 target price.

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 05 ’24 when Palkhiwala Akash J. sold 3,000 shares for $205.61 per share. The transaction valued at 616,815 led to the insider holds 60,343 shares of the business.

THOMPSON JAMES H sold 8,000 shares of QCOM for $1,595,760 on Jul 01 ’24. The Chief Technology Officer now owns 237,893 shares after completing the transaction at $199.47 per share. On Jun 03 ’24, another insider, THOMPSON JAMES H, who serves as the Chief Technology Officer of the company, sold 8,000 shares for $209.61 each. As a result, the insider received 1,676,880 and left with 245,893 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 233020801024 and an Enterprise Value of 234626793472. As of this moment, Qualcomm,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.06, and their Forward P/E ratio for the next fiscal year is 18.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.40 while its Price-to-Book (P/B) ratio in mrq is 9.54. Its current Enterprise Value per Revenue stands at 6.445 whereas that against EBITDA is 21.651.

Stock Price History:

The Beta on a monthly basis for QCOM is 1.27, which has changed by 0.6959064 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. 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 5.14%, while the 200-Day Moving Average is calculated to be 34.18%.

Shares Statistics:

It appears that QCOM traded 9.72M shares on average per day over the past three months and 7866000 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 0.21% of the company’s shares, while institutions hold 78.10% stake in the company. Shares short for QCOM as of 1718323200 were 23279614 with a Short Ratio of 2.39, compared to 1715731200 on 21754610. Therefore, it implies a Short% of Shares Outstanding of 23279614 and a Short% of Float of 2.09.

Dividends & Splits

With its trailing 12-month dividend rate of 3.2, QCOM has a forward annual dividend rate of 3.25. Against a Trailing Annual Dividend Yield of 0.015449981The stock’s 5-year Average Dividend Yield is 2.29. The current Payout Ratio is 48.27% for QCOM, which recently paid a dividend on 2024-05-30 with an ex-dividend date of 1717027200. Stock splits for the company last occurred on 2004-08-16 when the company split stock in a 2:1 ratio.

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