The price-to-earnings ratio for Qualcomm, Inc. (NASDAQ: QCOM) is above average at 22.49x, Company’s 36-month beta value is 1.29.Analysts have differing opinions 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 2.72% ratio of that floaft. The average trading volume of QCOM on August 26, 2024 was 10.40M shares.
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QCOM) stock’s latest price update
Qualcomm, Inc. (NASDAQ: QCOM)’s stock price has soared by 2.66 in relation to previous closing price of 169.00. Nevertheless, the company has seen a gain of 0.77% in its stock price over the last five trading days. newsfilecorp.com reported 2024-08-23 that Strengthens Qualcomm’s Industrial IoT portfolio, offering low-power solutions for reliable, optimized cellular connectivity for IoT applications Expands and accelerates Qualcomm’s leadership position in digital transformation at the edge Sequans retains license of the 4G IoT Technology for its ongoing use and will continue to serve its IoT markets with a strengthened balance sheet Sequans maintains full ownership of its 5G technology Paris, France and San Diego, California–(Newsfile Corp. – August 23, 2024) – Qualcomm Incorporated, (NASDAQ: QCOM), a global leader in high-performance at low-power solutions, through its subsidiary, Qualcomm Technologies, Inc. (“Qualcomm”), and Sequans Communications S.A. (NYSE: SQNS), a supplier of 4G and 5G semiconductor solutions for the Internet of Things (IoT), today announced that they have entered into a definitive agreement for Qualcomm to buy Sequans’ 4G IoT technologies.
QCOM’s Market Performance
QCOM’s stock has risen by 0.77% in the past week, with a monthly drop of -1.08% and a quarterly drop of -14.01%. The volatility ratio for the week is 2.69% while the volatility levels for the last 30 days are 4.04% for Qualcomm, Inc. The simple moving average for the past 20 days is 3.07% for QCOM’s stock, with a 4.19% simple moving average for the past 200 days.
Analysts’ Opinion of QCOM
DZ Bank, on the other hand, stated in their research note that they expect to see QCOM reach a price target of $210. The rating they have provided for QCOM stocks is “Buy” according to the report published on August 02nd, 2024.
HSBC Securities gave a rating of “Hold” to QCOM, setting the target price at $200 in the report published on July 17th of the current year.
QCOM Trading at -8.25% 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 -24.77% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -3.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.45% lower at present.
During the last 5 trading sessions, QCOM rose by +0.77%, which changed the moving average for the period of 200-days by +44.67% in comparison to the 20-day moving average, which settled at $168.01. In addition, Qualcomm, Inc. saw 19.96% 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 $162.89 back on Aug 08 ’24. After this action, Palkhiwala Akash J. now owns 57,437 shares of Qualcomm, Inc., valued at $488,662 using the latest closing price.
THOMPSON JAMES H, the Chief Technology Officer of Qualcomm, Inc., sale 4,539 shares at $164.40 during a trade that took place back on Aug 08 ’24, which means that THOMPSON JAMES H is holding 0 shares at $746,212 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 0.94. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 25.21.
Currently, EBITDA for the company is 9.6 billion with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 5.36. 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 a nutshell, Qualcomm, Inc. (QCOM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
