The stock of Qualcomm, Inc. (QCOM) has gone up by 0.55% for the week, with a -1.72% drop in the past month and a -12.34% drop in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are 2.98% for QCOM. The simple moving average for the last 20 days is 0.73% for QCOM’s stock, with a simple moving average of -1.57% for the last 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 22.16x compared to its average ratio, The 36-month beta value for QCOM is at 1.28. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 as “hold,” and 0 as “sell.”
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The public float for QCOM is 1.11B, and currently, shorts hold a 2.31% of that float. The average trading volume for QCOM on October 21, 2024 was 8.81M shares.
QCOM) stock’s latest price update
Qualcomm, Inc. (NASDAQ: QCOM) has experienced a decline in its stock price by -0.11 compared to its previous closing price of 171.10. However, the company has seen a gain of 0.55% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Analysts’ Opinion of QCOM
Many brokerage firms have already submitted their reports for QCOM stocks, with Citigroup repeating the rating for QCOM by listing it as a “Neutral.” The predicted price for QCOM in the upcoming period, according to Citigroup is $185 based on the research report published on October 16, 2024 of the current year 2024.
QCOM Trading at 1.20% 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 -25.89% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.62% upper at present.
During the last 5 trading sessions, QCOM rose by +0.55%, which changed the moving average for the period of 200-days by +24.22% in comparison to the 20-day moving average, which settled at $169.68. In addition, Qualcomm, Inc. saw 18.18% 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 $169.80 back on Oct 01 ’24. After this action, THOMPSON JAMES H now owns 213,364 shares of Qualcomm, Inc., valued at $1,358,400 using the latest closing price.
ROGERS ALEXANDER H, the President QTL & Global Affairs of Qualcomm, Inc., sale 3,245 shares at $166.15 during a trade that took place back on Oct 02 ’24, which means that ROGERS ALEXANDER H is holding 32,231 shares at $539,157 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 5.28. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
