Broadcom Inc (NASDAQ: AVGO) has a higher price-to-earnings ratio of 153.18x compared to its average ratio. AVGO has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 17 analysts rating it as a “buy,” 10 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AVGO is 4.58B, and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of AVGO on October 25, 2024 was 26.27M shares.
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AVGO) stock’s latest price update
Broadcom Inc (NASDAQ: AVGO) has experienced a rise in its stock price by 2.70 compared to its previous closing price of 171.35. However, the company has seen a fall of -2.18% in its stock price over the last five trading days. zacks.com reported 2024-10-25 that Zacks.com users have recently been watching Broadcom Inc. (AVGO) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
AVGO’s Market Performance
AVGO’s stock has fallen by -2.18% in the past week, with a monthly drop of -1.19% and a quarterly rise of 17.14%. The volatility ratio for the week is 2.52% while the volatility levels for the last 30 days are 3.06% for Broadcom Inc The simple moving average for the past 20 days is -0.71% for AVGO’s stock, with a 20.24% simple moving average for the past 200 days.
Analysts’ Opinion of AVGO
Many brokerage firms have already submitted their reports for AVGO stocks, with Mizuho repeating the rating for AVGO by listing it as a “Outperform.” The predicted price for AVGO in the upcoming period, according to Mizuho is $220 based on the research report published on October 14, 2024 of the current year 2024.
TD Cowen gave a rating of “Buy” to AVGO, setting the target price at $210 in the report published on July 16th of the current year.
AVGO Trading at 4.56% 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 -5.60% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +1.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.62% upper at present.
During the last 5 trading sessions, AVGO fell by -2.46%, which changed the moving average for the period of 200-days by +62.39% in comparison to the 20-day moving average, which settled at $177.22. In addition, Broadcom Inc saw 57.65% 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 Kawwas Charlie B, who sale 15,950 shares at the price of $181.44 back on Oct 11 ’24. After this action, Kawwas Charlie B now owns 737,330 shares of Broadcom Inc, valued at $2,894,048 using the latest closing price.
Brazeal Mark David, the Chief Legal & Corp Affairs Ofc of Broadcom Inc, sale 18,900 shares at $181.45 during a trade that took place back on Oct 11 ’24, which means that Brazeal Mark David is holding 361,660 shares at $3,429,405 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 18.86. 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 put it simply, Broadcom Inc (AVGO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
