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In the latest session, Broadcom Inc (NASDAQ: AVGO) closed at $1332.80 up 2.08% from its previous closing price of $1305.67. In other words, the price has increased by $2.08 from its previous closing price. On the day, 1.63 million shares were traded. AVGO stock price reached its highest trading level at $1344.0 during the session, while it also had its lowest trading level at $1315.31.
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 52.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.58. 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 617647505408 and an Enterprise Value of 577159823360. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.40, and their Forward P/E ratio for the next fiscal year is 22.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.89 while its Price-to-Book (P/B) ratio in mrq is 8.78. Its current Enterprise Value per Revenue stands at 14.85 whereas that against EBITDA is 28.287.
Stock Price History:
The Beta on a monthly basis for AVGO is 1.19, which has changed by 1.0831511 over the last 52 weeks, in comparison to a change of 0.26265144 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 $617.99. The 50-Day Moving Average of the stock is 1.81%, while the 200-Day Moving Average is calculated to be 24.86%.
Shares Statistics:
For the past three months, AVGO has traded an average of 2.90M shares per day and 1919050 over the past ten days. A total of 463.42M shares are outstanding, with a floating share count of 453.85M. Insiders hold about 2.07% of the company’s shares, while institutions hold 78.49% stake in the company. Shares short for AVGO as of 1714435200 were 5480071 with a Short Ratio of 1.89, compared to 1711584000 on 5483692. Therefore, it implies a Short% of Shares Outstanding of 5480071 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. Against a Trailing Annual Dividend Yield of 0.015088039The stock’s 5-year Average Dividend Yield is 2.95.
Earnings Estimates
The market rating of Broadcom Inc (AVGO) is currently shaped by the ongoing analysis conducted by 26.0 analysts closely monitoring its performance.On average, analysts expect EPS of $10.76 for the current quarter, with a high estimate of $11.81 and a low estimate of $7.8, while EPS last year was $10.32. The consensus estimate for the next quarter is $11.83, with high estimates of $12.75 and low estimates of $8.98.
Analysts are recommending an EPS of between $50.08 and $35.57 for the fiscal current year, implying an average EPS of $46.92. EPS for the following year is $57.0, with 30.0 analysts recommending between $64.66 and $45.36.
Revenue Estimates
For the next quarter, 27 analysts are estimating revenue of $12.64B. There is a high estimate of $13.05B for the next quarter, whereas the lowest estimate is $11.86B.
A total of 33 analysts have provided revenue estimates for AVGO’s current fiscal year. The highest revenue estimate was $51.78B, while the lowest revenue estimate was $49.53B, resulting in an average revenue estimate of $50.35B. In the same quarter a year ago, actual revenue was $35.82BBased on 33 analysts’ estimates, the company’s revenue will be $57.27B in the next fiscal year. The high estimate is $61.66B and the low estimate is $54.4B.
