Broadcom Inc (NASDAQ: AVGO) has a price-to-earnings ratio that is above its average at 49.62x. The stock has a 36-month beta value of 1.27. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 10 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AVGO is 453.89M, and at present, short sellers hold a 1.22% of that float. On April 03, 2024, the average trading volume of AVGO was 3.07M shares.
AVGO) stock’s latest price update
Broadcom Inc (NASDAQ: AVGO) has seen a decline in its stock price by -0.85 in relation to its previous close of 1350.26. However, the company has experienced a -0.95% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-02 that A strong JOLTS report has investors worrying that inflation may stay above 2% for longer than expected. Interest rate cuts may also be pushed back, putting pressure on high-multiple tech stocks.
AVGO’s Market Performance
AVGO’s stock has fallen by -0.95% in the past week, with a monthly drop of -4.32% and a quarterly rise of 19.93%. The volatility ratio for the week is 3.02% while the volatility levels for the last 30 days are 3.56% for Broadcom Inc The simple moving average for the past 20 days is 1.88% for AVGO’s stock, with a 32.91% simple moving average for the past 200 days.
Analysts’ Opinion of AVGO
Many brokerage firms have already submitted their reports for AVGO stocks, with TD Cowen repeating the rating for AVGO by listing it as a “Outperform.” The predicted price for AVGO in the upcoming period, according to TD Cowen is $1500 based on the research report published on March 21, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see AVGO reach a price target of $1405. The rating they have provided for AVGO stocks is “Overweight” according to the report published on March 20th, 2024.
TD Cowen gave a rating of “Market Perform” to AVGO, setting the target price at $1400 in the report published on March 08th of the current year.
AVGO Trading at 4.79% 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 -6.91% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -4.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.53% upper at present.
During the last 5 trading sessions, AVGO fell by -0.95%, which changed the moving average for the period of 200-days by +51.07% in comparison to the 20-day moving average, which settled at $1,310.90. In addition, Broadcom Inc saw 19.93% 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 Brazeal Mark David, who sale 2,500 shares at the price of $1318.97 back on Mar 28 ’24. After this action, Brazeal Mark David now owns 46,974 shares of Broadcom Inc, valued at $3,297,438 using the latest closing price.
Kawwas Charlie B, the President, Semi Solutions Grp of Broadcom Inc, sale 5,000 shares at $1344.00 during a trade that took place back on Mar 25 ’24, which means that Kawwas Charlie B is holding 16,575 shares at $6,720,000 based on the most recent closing price.
Stock Fundamentals for AVGO
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.65 for the gross margin
The net margin for Broadcom Inc stands at 0.3. The total capital return value is set at 0.09. Equity return is now at value 24.75, with 9.23 for asset returns.
Based on Broadcom Inc (AVGO), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 6.96.
Currently, EBITDA for the company is 20.8 billion with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 17.61. The receivables turnover for the company is 7.82for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Broadcom Inc (AVGO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
