The stock price of Qualcomm, Inc. (NASDAQ: QCOM) has surged by 1.67 when compared to previous closing price of 164.98, but the company has seen a 6.03% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-13 that Qualcomm stock endured a 35% bear market before bottoming in August 2024. However, it has struggled to replicate its recent success. Its entry into AI PCs and potential share gains in AI smartphones should underpin its return to topline growth. Qualcomm’s automotive diversification efforts have delivered a solid performance recently amid a growth normalization phase in EVs.
Is It Worth Investing in Qualcomm, Inc. (NASDAQ: QCOM) Right Now?
Qualcomm, Inc. (NASDAQ: QCOM) has a price-to-earnings ratio of 21.74x that is above its average ratio. Additionally, the 36-month beta value for QCOM is 1.29. 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.”
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The public float for QCOM is 1.11B and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of QCOM on September 16, 2024 was 9.87M shares.
QCOM’s Market Performance
QCOM stock saw an increase of 6.03% in the past week, with a monthly gain of 0.35% and a quarterly increase of -22.99%. The volatility ratio for the week is 2.76%, and the volatility levels for the last 30 days are 3.04% for Qualcomm, Inc. (QCOM). The simple moving average for the last 20 days is -0.55% for QCOM stock, with a simple moving average of -1.01% for the last 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 -5.48% 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 -27.27% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares sank -3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.70% lower at present.
During the last 5 trading sessions, QCOM rose by +6.03%, which changed the moving average for the period of 200-days by +30.83% in comparison to the 20-day moving average, which settled at $168.38. In addition, Qualcomm, Inc. saw 15.97% 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 MARTIN NEIL, who sale 774 shares at the price of $163.08 back on Sep 05 ’24. After this action, MARTIN NEIL now owns 94 shares of Qualcomm, Inc., valued at $126,224 using the latest closing price.
NEIL A MARTIN, the Officer of Qualcomm, Inc., proposed sale 774 shares at $163.08 during a trade that took place back on Sep 05 ’24, which means that NEIL A MARTIN is holding shares at $126,224 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 12.97.
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 5.18. 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 conclusion, Qualcomm, Inc. (QCOM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
