Broadcom Inc. (NASDAQ: AVGO)’s stock price has surge by 1.20relation to previous closing price of 678.37. Nevertheless, the company has seen a 7.02% surge in its stock price over the last five trading sessions. The Wall Street Journal reported on 04/11/23 that VMware CEO Says Sale to Broadcom Is on Track Despite Regulatory Reviews
Is It Worth Investing in Broadcom Inc. (NASDAQ: AVGO) Right Now?
The price-to-earnings ratio for Broadcom Inc. (NASDAQ: AVGO) is above average at 23.08x, while the 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Broadcom Inc. (AVGO) is $708.45, which is $4.41 above the current market price. The public float for AVGO is 414.94M, and currently, short sellers hold a 1.46% ratio of that floaft. The average trading volume of AVGO on May 24, 2023 was 2.10M shares.
AVGO’s Market Performance
AVGO’s stock has seen a 7.02% increase for the week, with a 8.19% rise in the past month and a 19.15% gain in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.03% for Broadcom Inc. The simple moving average for the last 20 days is 8.14% for AVGO stock, with a simple moving average of 23.11% for the last 200 days.
AVGO Trading at 8.59% 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 able to rebound, for now settling with 0.23% of gains for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +10.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.36% upper at present.
During the last 5 trading sessions, AVGO rose by +7.02%, which changed the moving average for the period of 200-days by +24.49% in comparison to the 20-day moving average, which settled at $638.06. In addition, Broadcom Inc. saw 22.78% 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 AVGO starting from Spears Kirsten M., who sale 7,000 shares at the price of $619.72 back on Mar 28. After this action, Spears Kirsten M. now owns 41,085 shares of Broadcom Inc., valued at $4,338,040 using the latest closing price.
FERNANDEZ RAUL J, the Director of Broadcom Inc., sale 740 shares at $639.00 during a trade that took place back on Mar 27, which means that FERNANDEZ RAUL J is holding 1,213 shares at $472,860 based on the most recent closing price.
Stock Fundamentals for AVGO
Current profitability levels for the company are sitting at:
- +43.03 for the present operating margin
- +62.01 for the gross margin
The net margin for Broadcom Inc. stands at +34.62. The total capital return value is set at 22.33, while invested capital returns managed to touch 18.09. Equity return is now at value 57.40, with 17.40 for asset returns.
Based on Broadcom Inc. (AVGO), the company’s capital structure generated 176.04 points at debt to equity in total, while total debt to capital is 63.77. Total debt to assets is 54.58, with long-term debt to equity ratio resting at 173.78. Finally, the long-term debt to capital ratio is 62.95.
When we switch over and look at the enterprise to sales, we see a ratio of 9.02, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 13.20 and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
In a nutshell, Broadcom Inc. (AVGO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
