QUALCOMM Incorporated (NASDAQ: QCOM) has a higher price-to-earnings ratio of 11.52x compared to its average ratio, and the 36-month beta value for QCOM is at 1.28. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
The average price suggested by analysts for QCOM is $149.88, which is $31.72 above the current market price. The public float for QCOM is 1.11B, and currently, shorts hold a 0.79% of that float. The average trading volume for QCOM on March 17, 2023 was 7.77M shares.
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QCOM) stock’s latest price update
QUALCOMM Incorporated (NASDAQ: QCOM)’s stock price has increased by 4.35 compared to its previous closing price of 115.49. Despite this, the company has experienced a 2.81% gain in its stock price over the last five trading sessions.
QCOM’s Market Performance
QCOM’s stock has risen by 2.81% in the past week, with a monthly drop of -8.94% and a quarterly drop of -2.41%. The volatility ratio for the week is 3.11% while the volatility levels for the last 30 days are 2.63% for QUALCOMM Incorporated The simple moving average for the last 20 days is -1.58% for QCOM stock, with a simple moving average of -5.23% for the last 200 days.
Analysts’ Opinion of QCOM
Many brokerage firms have already submitted their reports for QCOM stocks, with Susquehanna repeating the rating for QCOM by listing it as a “Positive.” The predicted price for QCOM in the upcoming period, according to Susquehanna is $140 based on the research report published on March 16th of the current year 2023.
Barclays gave a rating of “Overweight” to QCOM, setting the target price at $150 in the report published on January 23rd of the current year.
QCOM Trading at -3.22% from the 50-Day Moving Average
After a stumble in the market that brought QCOM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.29% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares sank -9.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.42% upper at present.
During the last 5 trading sessions, QCOM rose by +2.81%, which changed the moving average for the period of 200-days by -13.77% in comparison to the 20-day moving average, which settled at $121.81. In addition, QUALCOMM Incorporated saw 9.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QCOM starting from Henderson Jeffrey William, who sale 2,500 shares at the price of $124.19 back on Feb 23. After this action, Henderson Jeffrey William now owns 2,105 shares of QUALCOMM Incorporated, valued at $310,468 using the latest closing price.
Henderson Jeffrey William, the Director of QUALCOMM Incorporated, sale 2,500 shares at $124.05 during a trade that took place back on Feb 22, which means that Henderson Jeffrey William is holding 4,605 shares at $310,132 based on the most recent closing price.
Stock Fundamentals for QCOM
Current profitability levels for the company are sitting at:
- +33.49 for the present operating margin
- +57.84 for the gross margin
The net margin for QUALCOMM Incorporated stands at +29.38. Equity return is now at value 71.10, with 24.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In conclusion, QUALCOMM Incorporated (QCOM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
