Broadcom Inc. (NASDAQ:AVGO) went down by -1.43% from its latest closing price compared to the recent 1-year high of $510.70. The company’s stock price has collected -0.03% of loss in the last five trading sessions. Barron’s reported 6 hours ago that Apple Shares Slip on Report of iPhone 13 Parts Shortages
Is It Worth Investing in Broadcom Inc. (NASDAQ :AVGO) Right Now?
Broadcom Inc. (NASDAQ:AVGO) scored a price-to-earnings ratio above its average ratio, recording 35.95 x from its present earnings ratio. Plus, the 36-month beta value for AVGO is at 0.94. Opinions of the stock are interesting as 21 analysts out of 32 who provided ratings for Broadcom Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $559.41, which is $66.55 above the current price. AVGO currently public float of 401.76M and currently shorts hold a 1.04% ratio of that float. Today, the average trading volume of AVGO was 1.47M shares.
AVGO’s Market Performance
AVGO stocks went down by -0.03% for the week, with a monthly drop of -2.74% and a quarterly performance of 0.77%, while its annual performance rate touched 26.89%. The volatility ratio for the week stands at 1.94% while the volatility levels for the past 30 days are set at 1.95% for Broadcom Inc.. The simple moving average for the period of the last 20 days is -2.04% for AVGO stocks with a simple moving average of 3.14% for the last 200 days.
Analysts’ Opinion of AVGO
Many brokerage firms have already submitted their reports for AVGO stocks, with UBS repeating the rating for AVGO by listing it as a “Buy.” The predicted price for AVGO in the upcoming period, according to UBS is $580 based on the research report published on September 03rd of the current year 2021.
Truist, on the other hand, stated in their research note that they expect to see AVGO reach a price target of $564, previously predicting the price at $554. The rating they have provided for AVGO stocks is “Buy” according to the report published on September 03rd, 2021.
Susquehanna gave a rating of “Positive” to AVGO, setting the target price at $590 in the report published on September 03rd of the current year.
AVGO Trading at -1.10% from the 50-Day Moving Average
After a stumble in the market that brought AVGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.98% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -3.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.12% upper at present.
During the last 5 trading sessions, AVGO fell by -0.03%, which changed the moving average for the period of 200-days by +12.47% in comparison to the 20-day moving average, which settled at $494.54. In addition, Broadcom Inc. saw 10.83% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at AVGO starting from FERNANDEZ RAUL J, who purchase 152 shares at the price of $489.54 back on Sep 29. After this action, FERNANDEZ RAUL J now owns 2,221 shares of Broadcom Inc., valued at $74,409 using the latest closing price.
Brazeal Mark David, the Chief Legal Officer of Broadcom Inc., sale 3,150 shares at $504.09 during a trade that took place back on Sep 27, which means that Brazeal Mark David is holding 26,750 shares at $1,587,890 based on the most recent closing price.
Stock Fundamentals for AVGO
Current profitability levels for the company are sitting at:
- +18.24 for the present operating margin
- +46.68 for the gross margin
The net margin for Broadcom Inc. stands at +12.40. The total capital return value is set at 7.06, while invested capital returns managed to touch 4.95. Equity return is now at value 24.00, with 7.60 for asset returns.
Based on Broadcom Inc. (AVGO), the company’s capital structure generated 174.42 points at debt to equity in total, while total debt to capital is 63.56. Total debt to assets is 54.90, with long-term debt to equity ratio resting at 170.74. Finally, the long-term debt to capital ratio is 62.15.
When we switch over and look at the enterprise to sales, we see a ratio of 7.59, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 8.60 and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.