Qualcomm, Inc (NASDAQ: QCOM)’s stock price has plunge by 2.86relation to previous closing price of 156.40. Nevertheless, the company has seen a 3.48% surge in its stock price over the last five trading sessions. youtube.com reported 2024-11-27 that Stacy Rasgon, Bernstein Research U.S. semiconductor senior analyst, joins CNBC’s ‘The Exchange’ to discuss the impact of potential tariffs on the semiconductor sector.
Is It Worth Investing in Qualcomm, Inc (NASDAQ: QCOM) Right Now?
Qualcomm, Inc (NASDAQ: QCOM) has a price-to-earnings ratio of 17.92x that is above its average ratio. Additionally, the 36-month beta value for QCOM is 1.26. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 16 rating it as “hold,” and 1 rating it as “sell.”
The public float for QCOM is 1.11B and currently, short sellers hold a 2.08% ratio of that float. The average trading volume of QCOM on November 29, 2024 was 8.33M shares.
QCOM’s Market Performance
QCOM’s stock has seen a 3.48% increase for the week, with a -4.03% drop in the past month and a -8.23% fall in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 3.00% for Qualcomm, Inc The simple moving average for the past 20 days is -1.26% for QCOM’s stock, with a -8.81% simple moving average for the past 200 days.
Analysts’ Opinion of QCOM
Many brokerage firms have already submitted their reports for QCOM stocks, with Loop Capital repeating the rating for QCOM by listing it as a “Hold.” The predicted price for QCOM in the upcoming period, according to Loop Capital is $180 based on the research report published on November 12, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see QCOM reach a price target of $185, previously predicting the price at $200. The rating they have provided for QCOM stocks is “Neutral” according to the report published on October 16th, 2024.
QCOM Trading at -3.63% 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 -30.25% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.58% lower at present.
During the last 5 trading sessions, QCOM rose by +3.40%, which changed the moving average for the period of 200-days by +4.42% in comparison to the 20-day moving average, which settled at $162.92. In addition, Qualcomm, Inc saw 11.23% 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 1,304 shares at the price of $155.00 back on Nov 21 ’24. After this action, MARTIN NEIL now owns 94 shares of Qualcomm, Inc, valued at $202,120 using the latest closing price.
NEIL A MARTIN, the Officer of Qualcomm, Inc, proposed sale 1,304 shares at $155.00 during a trade that took place back on Nov 21 ’24, which means that NEIL A MARTIN is holding shares at $202,120 based on the most recent closing price.
Stock Fundamentals for QCOM
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.56 for the gross margin
The net margin for Qualcomm, Inc stands at 0.26. The total capital return value is set at 0.23. Equity return is now at value 42.25, with 19.04 for asset returns.
Based on Qualcomm, Inc (QCOM), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 14.54.
Currently, EBITDA for the company is 12.74 billion with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 4.77. The receivables turnover for the company is 9.92for 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 2.40.
Conclusion
In conclusion, Qualcomm, Inc (QCOM) has seen mixed performance in recent times. Analysts have a mixed 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.
