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In the latest session, Broadcom Inc (NASDAQ: AVGO) closed at $1733.31 down -0.72% from its previous closing price of $1745.86. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 3.78 million shares were traded. AVGO stock price reached its highest trading level at $1770.98 during the session, while it also had its lowest trading level at $1705.56.
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 82.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.71. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 1.06 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, Citigroup on June 11, 2024, Reiterated its Buy rating and also kept its target price maintained to $1560.
On June 03, 2024, Melius started tracking the stock assigning a Buy rating and target price of $1850.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $1550.Jefferies initiated its Buy rating on May 13, 2024, with a $1550 target price.
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 Jun 20 ’24 when PAGE JUSTINE sold 254 shares for $1750.26 per share. The transaction valued at 444,566 led to the insider holds 2,748 shares of the business.
Kawwas Charlie B sold 2,520 shares of AVGO for $4,613,997 on Jun 17 ’24. The President, Semi Solutions Grp now owns 77,848 shares after completing the transaction at $1830.95 per share. On Jun 17 ’24, another insider, PAGE JUSTINE, who serves as the Director of the company, sold 312 shares for $1800.00 each. As a result, the insider received 561,600 and left with 3,002 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 812678053888 and an Enterprise Value of 741769412608. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 74.57, and their Forward P/E ratio for the next fiscal year is 28.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.93 while its Price-to-Book (P/B) ratio in mrq is 11.52. Its current Enterprise Value per Revenue stands at 17.405 whereas that against EBITDA is 34.84.
Stock Price History:
Over the past 52 weeks, AVGO has reached a high of $1851.62, while it has fallen to a 52-week low of $795.09. The 50-Day Moving Average of the stock is 18.36%, while the 200-Day Moving Average is calculated to be 45.29%.
Shares Statistics:
For the past three months, AVGO has traded an average of 3.43M shares per day and 4438710 over the past ten days. A total of 465.49M shares are outstanding, with a floating share count of 456.00M. Insiders hold about 2.04% of the company’s shares, while institutions hold 77.56% stake in the company. Shares short for AVGO as of 1718323200 were 5787349 with a Short Ratio of 1.69, compared to 1715731200 on 5244791. Therefore, it implies a Short% of Shares Outstanding of 5787349 and a Short% of Float of 1.43.
Dividends & Splits
According to the company, the forward annual dividend rate for AVGO is 20.35, from 20.35 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0116561465The stock’s 5-year Average Dividend Yield is 2.88.
