In the past week, AVGO stock has gone up by 2.29%, with a monthly gain of 15.59% and a quarterly surge of 1.18%. The volatility ratio for the week is 3.04%, and the volatility levels for the last 30 days are 3.81% for Broadcom Inc The simple moving average for the last 20 days is 7.06% for AVGO stock, with a simple moving average of 25.40% for the last 200 days.
Is It Worth Investing in Broadcom Inc (NASDAQ: AVGO) Right Now?
Broadcom Inc (NASDAQ: AVGO) has a price-to-earnings ratio that is above its average at 153.76x. The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 10 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AVGO is 4.58B, and at present, short sellers hold a 1.22% of that float. On October 07, 2024, the average trading volume of AVGO was 29.72M shares.
AVGO) stock’s latest price update
Broadcom Inc (NASDAQ: AVGO)’s stock price has increased by 2.76 compared to its previous closing price of 171.89. However, the company has seen a 2.29% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-06 that Investing in dividend growers is a great way to compound passive income exponentially over the long term. However, not all dividend growers are created equal. We compare two dividend growers and explain why we believe one is overrated, and the other is underrated.
Analysts’ Opinion of AVGO
TD Cowen, on the other hand, stated in their research note that they expect to see AVGO reach a price target of $210, previously predicting the price at $175. The rating they have provided for AVGO stocks is “Buy” according to the report published on July 16th, 2024.
Rosenblatt gave a rating of “Buy” to AVGO, setting the target price at $2400 in the report published on July 11th of the current year.
AVGO Trading at 11.19% 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 -4.60% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares surge +28.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.34% upper at present.
During the last 5 trading sessions, AVGO rose by +2.29%, which changed the moving average for the period of 200-days by +54.00% in comparison to the 20-day moving average, which settled at $166.97. In addition, Broadcom Inc saw 58.24% 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 Kenneth Y. Hao, who proposed sale 240,000 shares at the price of $171.89 back on Oct 04 ’24. After this action, Kenneth Y. Hao now owns shares of Broadcom Inc, valued at $41,253,600 using the latest closing price.
TAN HOCK E, the Officer of Broadcom Inc, proposed sale 20,000 shares at $174.87 during a trade that took place back on Oct 04 ’24, which means that TAN HOCK E is holding shares at $3,497,471 based on the most recent closing price.
Stock Fundamentals for AVGO
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.59 for the gross margin
The net margin for Broadcom Inc stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 12.51, with 4.58 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 0.27. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 4.23.
Currently, EBITDA for the company is 20.8 billion with net debt to EBITDA at 2.6. When we switch over and look at the enterprise to sales, we see a ratio of 18.9. The receivables turnover for the company is 10.04for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To sum up, Broadcom Inc (AVGO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
