The stock of Broadcom Inc (AVGO) has gone up by 1.39% for the week, with a -1.92% drop in the past month and a 8.98% rise in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are 2.65% for AVGO. The simple moving average for the last 20 days is -1.87% for AVGO stock, with a simple moving average of 9.18% 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 144.94x. The stock has a 36-month beta value of 1.15. Opinions on the stock are mixed, with 29 analysts rating it as a “buy,” 8 as “overweight,” 5 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 1.49% of that float. On December 03, 2024, the average trading volume of AVGO was 23.77M shares.
AVGO) stock’s latest price update
Broadcom Inc (NASDAQ: AVGO) has seen a rise in its stock price by 2.73 in relation to its previous close of 162.08. However, the company has experienced a 1.39% gain in its stock price over the last five trading sessions. schaeffersresearch.com reported 2024-12-02 that After a particularly strong November, traders are eager to protect their profits as the year winds down.
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 -4.04% 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 -10.68% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.68% lower at present.
During the last 5 trading sessions, AVGO rose by +1.39%, which changed the moving average for the period of 200-days by +31.62% in comparison to the 20-day moving average, which settled at $169.68. In addition, Broadcom Inc saw 49.17% 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:
- 0.3 for the present operating margin
- 0.61 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 4.11.
Currently, EBITDA for the company is 20.55 billion with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 17.89. 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’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.
