The stock of Qualcomm, Inc. (QCOM) has seen a 8.44% increase in the past week, with a 5.82% gain in the past month, and a 26.78% flourish in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.44% for QCOM. The simple moving average for the past 20 days is 7.15% for QCOM’s stock, with a 31.77% simple moving average for the past 200 days.
Is It Worth Investing in Qualcomm, Inc. (NASDAQ: QCOM) Right Now?
Qualcomm, Inc. (NASDAQ: QCOM) has a higher price-to-earnings ratio of 24.14x compared to its average ratio. QCOM has 36-month beta value of 1.26. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for QCOM is 1.11B, and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of QCOM on May 06, 2024 was 8.41M shares.
QCOM) stock’s latest price update
The stock price of Qualcomm, Inc. (NASDAQ: QCOM) has plunged by -0.26 when compared to previous closing price of 180.10, but the company has seen a 8.44% gain in its stock price over the last five trading sessions. Proactive Investors reported 2024-05-04 that Markets Defused aims to present an easy-to-understand and straightforward recap of the week’s most engaging stock market news Apple impressed Wall Street, Cook promises AI growth Sony stepped in with $26bn bid to buy Paramount Ozempic and Wegovy gave more record results at Novo Nordisk Goldman Sachs ready to boost banker bonuses in London Qualcomm optimistic about future smartphone sales AMD fell short of high expectations Starbucks revenues disappointed Amazon’s beat expectations Apple financials impressed Wall Street, Cook promises AI growth Apple Inc (NASDAQ:AAPL, ETR:APC) investors welcomed the iPhone maker’s latest earnings report on Thursday, buying up the shares following Thursday’s report. Revenues came in ahead of Wall Street expectations for Apple’s first quarter driven by demand in its services businesses – iCloud, Apple TV+, and Apple Music – whilst iPhone sales declined.
Analysts’ Opinion of QCOM
Many brokerage firms have already submitted their reports for QCOM stocks, with The Benchmark Company repeating the rating for QCOM by listing it as a “Buy.” The predicted price for QCOM in the upcoming period, according to The Benchmark Company is $200 based on the research report published on April 23, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see QCOM reach a price target of $177. The rating they have provided for QCOM stocks is “In-line” according to the report published on April 16th, 2024.
TD Cowen gave a rating of “Outperform” to QCOM, setting the target price at $170 in the report published on February 01st of the current year.
QCOM Trading at 7.63% 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 -1.13% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +4.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.08% upper at present.
During the last 5 trading sessions, QCOM rose by +8.44%, which changed the moving average for the period of 200-days by +44.38% in comparison to the 20-day moving average, which settled at $168.07. In addition, Qualcomm, Inc. saw 24.21% 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 THOMPSON JAMES H, who sale 8,000 shares at the price of $182.00 back on May 03 ’24. After this action, THOMPSON JAMES H now owns 253,893 shares of Qualcomm, Inc., valued at $1,456,000 using the latest closing price.
Palkhiwala Akash J., the CFO & COO of Qualcomm, Inc., sale 3,000 shares at $173.49 during a trade that took place back on Apr 04 ’24, which means that Palkhiwala Akash J. is holding 69,343 shares at $520,480 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 0.23. The total capital return value is set at 0.19. Equity return is now at value 38.26, with 16.65 for asset returns.
Based on Qualcomm, Inc. (QCOM), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 12.22.
Currently, EBITDA for the company is 9.6 billion with net debt to EBITDA at 0.59. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 11.92for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
To put it simply, Qualcomm, Inc. (QCOM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
