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In the latest session, Broadcom Inc (NASDAQ: AVGO) closed at $170.38 down -1.84% from its previous closing price of $173.58. In other words, the price has decreased by -$1.84 from its previous closing price. On the day, 20.58 million shares were traded. AVGO stock price reached its highest trading level at $175.57 during the session, while it also had its lowest trading level at $169.87.
Ratios:
For a deeper understanding of Broadcom 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 79.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.07 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, Mizuho on October 14, 2024, Reiterated its Outperform rating but revised its target price to $220 from $190 previously.
TD Cowen reiterated its Buy rating for the stock on July 16, 2024, while the target price for the stock was revised from $175 to $210.
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 Oct 11 ’24 when Kawwas Charlie B sold 15,950 shares for $181.44 per share. The transaction valued at 2,894,048 led to the insider holds 737,330 shares of the business.
Brazeal Mark David sold 18,900 shares of AVGO for $3,429,405 on Oct 11 ’24. The Chief Legal & Corp Affairs Ofc now owns 361,660 shares after completing the transaction at $181.45 per share. On Oct 09 ’24, another insider, Brazeal Mark David, who serves as the Chief Legal & Corp Affairs Ofc of the company, sold 18,900 shares for $182.88 each. As a result, the insider received 3,456,338 and left with 380,560 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 795773501440 and an Enterprise Value of 99405176832. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 148.31, and their Forward P/E ratio for the next fiscal year is 27.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.00 while its Price-to-Book (P/B) ratio in mrq is 12.12. Its current Enterprise Value per Revenue stands at 2.123 whereas that against EBITDA is 4.33.
Stock Price History:
Over the past 52 weeks, AVGO has reached a high of $186.42, while it has fallen to a 52-week low of $90.31. The 50-Day Moving Average of the stock is -1.11%, while the 200-Day Moving Average is calculated to be 13.32%.
Shares Statistics:
For the past three months, AVGO has traded an average of 24.00M shares per day and 17267130 over the past ten days. A total of 4.67B shares are outstanding, with a floating share count of 4.58B. Insiders hold about 2.03% of the company’s shares, while institutions hold 76.27% stake in the company. Shares short for AVGO as of 1730332800 were 67682866 with a Short Ratio of 2.82, compared to 1727654400 on 64009975. Therefore, it implies a Short% of Shares Outstanding of 67682866 and a Short% of Float of 1.67.
Dividends & Splits
According to the company, the forward annual dividend rate for AVGO is 16.28, from 2.105 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012126973The stock’s 5-year Average Dividend Yield is 2.73.
