The stock of Qualcomm, Inc. (QCOM) has seen a 0.84% increase in the past week, with a 8.71% gain in the past month, and a 17.60% flourish in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 2.23% for QCOM. The simple moving average for the last 20 days is 1.89% for QCOM stock, with a simple moving average of 31.50% for the last 200 days.
Is It Worth Investing in Qualcomm, Inc. (NASDAQ: QCOM) Right Now?
The price-to-earnings ratio for Qualcomm, Inc. (NASDAQ: QCOM) is above average at 24.86x. The 36-month beta value for QCOM is also noteworthy at 1.41. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
The public float for QCOM is 1.11B, and at present, short sellers hold a 1.82% of that float. The average trading volume of QCOM on April 01, 2024 was 8.94M shares.
QCOM) stock’s latest price update
The stock price of Qualcomm, Inc. (NASDAQ: QCOM) has surged by 1.32 when compared to previous closing price of 169.30, but the company has seen a 0.84% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Analysts’ Opinion of QCOM
Many brokerage firms have already submitted their reports for QCOM stocks, with TD Cowen repeating the rating for QCOM by listing it as a “Outperform.” The predicted price for QCOM in the upcoming period, according to TD Cowen is $170 based on the research report published on February 01, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see QCOM reach a price target of $160. The rating they have provided for QCOM stocks is “Neutral” according to the report published on February 01st, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to QCOM, setting the target price at $150 in the report published on January 23rd of the current year.
QCOM Trading at 8.58% 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 -3.41% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +5.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.98% upper at present.
During the last 5 trading sessions, QCOM rose by +0.78%, which changed the moving average for the period of 200-days by +37.76% in comparison to the 20-day moving average, which settled at $168.77. In addition, Qualcomm, Inc. saw 18.60% 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 AMON CRISTIANO R, who sale 8,100 shares at the price of $169.60 back on Mar 07 ’24. After this action, AMON CRISTIANO R now owns 16,200 shares of Qualcomm, Inc., valued at $1,373,760 using the latest closing price.
Palkhiwala Akash J., the CFO & COO of Qualcomm, Inc., sale 7,000 shares at $175.02 during a trade that took place back on Mar 07 ’24, which means that Palkhiwala Akash J. is holding 72,343 shares at $1,225,118 based on the most recent closing price.
Stock Fundamentals for QCOM
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.56 for the gross margin
The net margin for Qualcomm, Inc. stands at 0.21. The total capital return value is set at 0.19. Equity return is now at value 37.63, with 15.42 for asset returns.
Based on Qualcomm, Inc. (QCOM), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.72. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 11.74.
Currently, EBITDA for the company is 9.6 billion with net debt to EBITDA at 0.7. When we switch over and look at the enterprise to sales, we see a ratio of 5.5. The receivables turnover for the company is 10.33for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.56.
Conclusion
In summary, Qualcomm, Inc. (QCOM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
