Trading Day Review: Broadcom Inc (AVGO) Loses Momentum, Closing at 218.32

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The price of Broadcom Inc (NASDAQ: AVGO) closed at $218.32 in the last session, down -2.37% from day before closing price of $223.62. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 40.28 million shares were traded. AVGO stock price reached its highest trading level at $228.05 during the session, while it also had its lowest trading level at $217.58.

Ratios:

We take a closer look at AVGO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 109.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.98.

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 December 13, 2024, Reiterated its Buy rating but revised its target price to $240 from $210 previously.

On October 14, 2024, Mizuho reiterated its Outperform rating and also lowered its target price recommendation from $190 to $220.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 17 ’24 when You Harry L. sold 6,540 shares for $240.00 per share. The transaction valued at 1,569,626 led to the insider holds 30,450 shares of the business.

Samueli Foundation bought 111,210 shares of AVGO for $26,518,992 on Dec 17 ’24. On Dec 17 ’24, another insider, You Harry L., who serves as the Director of the company, bought 6,540 shares for $240.00 each.

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 1019681112064 and an Enterprise Value of 103630258176. As of this moment, Broadcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 178.44, and their Forward P/E ratio for the next fiscal year is 28.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.77 while its Price-to-Book (P/B) ratio in mrq is 15.53. Its current Enterprise Value per Revenue stands at 2.214 whereas that against EBITDA is 4.514.

Stock Price History:

Over the past 52 weeks, AVGO has reached a high of $251.88, while it has fallen to a 52-week low of $104.15. The 50-Day Moving Average of the stock is 21.81%, while the 200-Day Moving Average is calculated to be 39.22%.

Shares Statistics:

According to the various share statistics, AVGO traded on average about 26.26M shares per day over the past 3-months and 56280670 shares per day over the past 10 days. A total of 4.67B shares are outstanding, with a floating share count of 4.58B. Insiders hold about 2.02% of the company’s shares, while institutions hold 76.10% stake in the company. Shares short for AVGO as of 1732838400 were 66375328 with a Short Ratio of 2.53, compared to 1730332800 on 67682866. Therefore, it implies a Short% of Shares Outstanding of 66375328 and a Short% of Float of 1.6400000000000001.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.69.

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