Qualcomm, Inc. (NASDAQ: QCOM) has experienced a decline in its stock price by -1.24 compared to its previous closing price of 164.00. However, the company has seen a fall of -10.05% in its stock price over the last five trading days. barrons.com reported 2024-08-02 that Intel’s issues should be good news for rivals such as Advanced Micro Devices, Qualcomm and Taiwan Semiconductor Manufacturing.
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 20.99x. The 36-month beta value for QCOM is also noteworthy at 1.30. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for QCOM is 1.11B, and at present, short sellers hold a 2.56% of that float. The average trading volume of QCOM on August 02, 2024 was 10.51M shares.
QCOM’s Market Performance
The stock of Qualcomm, Inc. (QCOM) has seen a -10.05% decrease in the past week, with a -20.53% drop in the past month, and a -10.07% fall in the past quarter. The volatility ratio for the week is 5.30%, and the volatility levels for the past 30 days are at 3.61% for QCOM. The simple moving average for the past 20 days is -15.52% for QCOM’s stock, with a -0.21% simple moving average for the past 200 days.
Analysts’ Opinion of QCOM
HSBC Securities, on the other hand, stated in their research note that they expect to see QCOM reach a price target of $200. The rating they have provided for QCOM stocks is “Hold” according to the report published on July 17th, 2024.
TD Cowen gave a rating of “Buy” to QCOM, setting the target price at $235 in the report published on June 04th of the current year.
QCOM Trading at -19.51% 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 -29.77% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -21.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.30% lower at present.
During the last 5 trading sessions, QCOM fell by -9.98%, which changed the moving average for the period of 200-days by +46.67% in comparison to the 20-day moving average, which settled at $189.53. In addition, Qualcomm, Inc. saw 11.98% 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 Palkhiwala Akash J., who sale 3,000 shares at the price of $205.61 back on Jul 05 ’24. After this action, Palkhiwala Akash J. now owns 60,343 shares of Qualcomm, Inc., valued at $616,815 using the latest closing price.
THOMPSON JAMES H, the Chief Technology Officer of Qualcomm, Inc., sale 8,000 shares at $199.47 during a trade that took place back on Jul 01 ’24, which means that THOMPSON JAMES H is holding 237,893 shares at $1,595,760 based on the most recent closing price.
Stock Fundamentals for QCOM
Current profitability levels for the company are sitting at:
- 0.24 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 0.21. Equity return is now at value 38.92, with 17.34 for asset returns.
Based on Qualcomm, Inc. (QCOM), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 25.0.
Currently, EBITDA for the company is 9.6 billion with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of 5.02. The receivables turnover for the company is 12.67for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In summary, Qualcomm, Inc. (QCOM) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
