Broadcom Inc (NASDAQ: AVGO)’s stock price has plunge by -2.48relation to previous closing price of 1344.07. Nevertheless, the company has seen a -1.90% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-15 that Dividend growth stocks with high dividend growth rates can reward investors with appreciation and higher payouts each year. Patient investors who can hold onto their investments for more than a decade can generate significant cash flow that can help with living expenses.
Is It Worth Investing in Broadcom Inc (NASDAQ: AVGO) Right Now?
The price-to-earnings ratio for Broadcom Inc (NASDAQ: AVGO) is 48.58x, which is above its average ratio. Moreover, the 36-month beta value for AVGO is 1.26. Analysts have varying opinions on the stock, with 17 analysts rating it as a “buy,” 10 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AVGO is 453.81M and currently, short sellers hold a 1.21% of that float. On April 16, 2024, AVGO’s average trading volume was 3.03M shares.
AVGO’s Market Performance
The stock of Broadcom Inc (AVGO) has seen a -1.90% decrease in the past week, with a 3.84% rise in the past month, and a 18.33% gain in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 3.48% for AVGO. The simple moving average for the last 20 days is -0.87% for AVGO stock, with a simple moving average of 27.35% for the last 200 days.
Analysts’ Opinion of AVGO
Many brokerage firms have already submitted their reports for AVGO stocks, with Deutsche Bank repeating the rating for AVGO by listing it as a “Buy.” The predicted price for AVGO in the upcoming period, according to Deutsche Bank is $1500 based on the research report published on April 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AVGO reach a price target of $1500, previously predicting the price at $1400. The rating they have provided for AVGO stocks is “Outperform” according to the report published on March 21st, 2024.
Barclays gave a rating of “Overweight” to AVGO, setting the target price at $1405 in the report published on March 20th of the current year.
AVGO Trading at 0.82% 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 -8.86% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares surge +6.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.22% upper at present.
During the last 5 trading sessions, AVGO fell by -1.90%, which changed the moving average for the period of 200-days by +54.57% in comparison to the 20-day moving average, which settled at $1,325.94. In addition, Broadcom Inc saw 17.42% 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 $1316.46 back on Apr 10 ’24. After this action, Brazeal Mark David now owns 41,974 shares of Broadcom Inc, valued at $3,291,150 using the latest closing price.
PAGE JUSTINE, the Director of Broadcom Inc, sale 110 shares at $1323.00 during a trade that took place back on Apr 10 ’24, which means that PAGE JUSTINE is holding 3,125 shares at $145,530 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 17.28. 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 wrap up, the performance of Broadcom Inc (AVGO) has been better in recent times. The stock has received a mixed of “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.
