Broadcom Inc [AVGO] stock is trading at $1342.75, down -4.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AVGO shares have gain 3.59% over the last week, with a monthly amount glided 9.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Broadcom Inc [NASDAQ: AVGO] stock has seen the most recent analyst activity on January 23, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $1300. Summit Insights upgraded its rating to a Buy. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $1000 on December 08, 2023. Oppenheimer reiterated a Outperform rating for this stock on December 04, 2023, and upped its price target to $1100. In a note dated September 01, 2023, TD Cowen reiterated an Market Perform rating on this stock and boosted its target price from $800 to $900.
Broadcom Inc [AVGO] stock has fluctuated between $601.29 and $1438.17 over the past year. Currently, Wall Street analysts expect the stock to reach $790.36 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $1342.75 at the most recent close of the market. An investor can expect a potential drop of -41.14% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
Broadcom Inc [NASDAQ:AVGO] reported sales of 35.82B for the trailing twelve months, which represents a growth of 4.09%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.62 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1,318.41 points at the first support level, and at 1,294.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,381.04, and for the 2nd resistance point, it is at 1,419.34.
Broadcom Inc [AVGO] reported earnings per share of $11.06 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $10.98/share, meaning a difference of $0.08 and a surprise factor of 0.70%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $10.54 per share as compared to estimates of $10.42 per share, a difference of $0.12 representing a surprise of 1.20%.
Ratios To Look Out For
For context, Broadcom Inc’s Current Ratio is 2.82. Also, the Quick Ratio is 2.56, while the Cash Ratio stands at 1.92. Considering the valuation of this stock, the price to sales ratio is 17.37, the price to book ratio is 23.17 and price to earnings (TTM) ratio is 40.77.
Transactions by insiders
Recent insider trading involved Spears Kirsten M., CFO & Chief Accounting Officer, that happened on Jan 05 when 2500.0 shares were sold. President and CEO, TAN HOCK E completed a deal on Dec 21 to sell 20000.0 shares. Meanwhile, Director HARTENSTEIN EDDY W sold 800.0 shares on Dec 20.
