In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Broadcom Inc (NASDAQ: AVGO) closed at $1282.63 down -3.49% from its previous closing price of $1329.06. In other words, the price has decreased by -$3.49 from its previous closing price. On the day, 2.44 million shares were traded. AVGO stock price reached its highest trading level at $1347.0 during the session, while it also had its lowest trading level at $1281.42.
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 50.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.32. 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:
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 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 594397691904 and an Enterprise Value of 556539904000. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.54, and their Forward P/E ratio for the next fiscal year is 22.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.29 while its Price-to-Book (P/B) ratio in mrq is 8.45. Its current Enterprise Value per Revenue stands at 14.32 whereas that against EBITDA is 27.276.
Stock Price History:
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 -1.67%, while the 200-Day Moving Average is calculated to be 24.06%.
Shares Statistics:
For the past three months, AVGO has traded an average of 3.01M shares per day and 2265290 over the past ten days. A total of 463.42M shares are outstanding, with a floating share count of 453.81M. Insiders hold about 2.07% of the company’s shares, while institutions hold 78.22% stake in the company. Shares short for AVGO as of 1711584000 were 5483692 with a Short Ratio of 1.82, 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
According to the company, the forward annual dividend rate for AVGO is 19.70, from 19.7 in the trailing year. The stock’s 5-year Average Dividend Yield is 2.97.
Earnings Estimates
The stock of Broadcom Inc (AVGO) is currently being evaluated by Broadcom Inc. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $1.80, with high estimates of $3.67 and low estimates of $52.83.
