Broadcom Inc [AVGO] stock is trading at $1353.47, up 0.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVGO shares have gain 9.55% over the last week, with a monthly amount glided 3.72%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, Broadcom Extends Leadership in Custom Accelerators and Merchant Networking Solutions for AI Infrastructure. In a post published today on Yahoo Finance, Latest Offerings Advance Broadcom’s Portfolio of Open, Scalable and Power-Efficient Technologies for AI solutions.
From an analyst’s perspective:
Broadcom Inc [NASDAQ: AVGO] stock has seen the most recent analyst activity on March 21, 2024, when TD Cowen upgraded its rating to a Outperform and also boosted its price target to $1500 from $1400. On March 08, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $1400 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $1300 on January 23, 2024. In a note dated December 08, 2023, Summit Insights upgraded an Buy rating on this stock.
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 $895.18 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $1353.47 at the most recent close of the market. An investor can expect a potential drop of -33.86% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
Broadcom Inc [NASDAQ:AVGO] reported sales of 38.87B for the trailing twelve months, which represents a growth of 34.17%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.34 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.08.
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 1,341.01 points at the first support level, and at 1,328.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,371.08, and for the 2nd resistance point, it is at 1,388.68.
Broadcom Inc [AVGO] reported earnings per share of $10.12 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $9.47/share, meaning a difference of $0.65 and a surprise factor of 6.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $11.06 per share as compared to estimates of $10.98 per share, a difference of $0.08 representing a surprise of 0.70%.
Ratios To Look Out For
For context, Broadcom Inc’s Current Ratio is 1.33. As well, the Quick Ratio is 1.24, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 16.14, the price to book ratio is 8.92 and price to earnings (TTM) ratio is 50.17.
Transactions by insiders
Recent insider trading involved Hao Kenneth, Director, that happened on Mar 21 ’24 when 9160.0 shares were sold. Director, HARTENSTEIN EDDY W completed a deal on Mar 12 ’24 to sell 3150.0 shares. Meanwhile, CFO & Chief Accounting Officer Spears Kirsten M. sold 2500.0 shares on Jan 05 ’24.
