Qualcomm, Inc. [QCOM] stock prices are up 2.14% to $169.20 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The QCOM shares have gain 5.63% over the last week, with a monthly amount drifted -0.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Qualcomm, Inc. [NASDAQ: QCOM] stock has seen the most recent analyst activity on April 23, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $200. Previously, Evercore ISI started tracking the stock with In-line rating on April 16, 2024, and set its price target to $177. On February 01, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $170 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $160 on February 01, 2024. Cantor Fitzgerald initiated its recommendation with a Neutral and recommended $150 as its price target on January 23, 2024. Citigroup upgraded its rating to Buy for this stock on January 12, 2024, but kept the price target unchanged to $160. In a note dated December 08, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock and boosted its target price from $119 to $132.
The stock price of Qualcomm, Inc. [QCOM] has been fluctuating between $101.47 and $177.59 over the past year. Currently, Wall Street analysts expect the stock to reach $170.3 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $169.20 at the most recent close of the market. An investor can expect a potential return of 0.65% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
The Qualcomm, Inc. [NASDAQ:QCOM] reported sales of 36.29B for trailing twelve months, representing a surge of 4.99%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.37 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 166.51 points at the first support level, and at 163.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 170.58, and for the 2nd resistance point, it is at 171.96.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc. [NASDAQ:QCOM]’s Current Ratio is 2.56. Further, the Quick Ratio stands at 1.88, while the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 5.20, the price to book ratio is 8.20 and price to earnings (TTM) ratio is 24.52.
Transactions by insiders
Recent insider trading involved Palkhiwala Akash J., CFO & COO, that happened on Apr 04 ’24 when 3000.0 shares were sold. Chief Technology Officer, THOMPSON JAMES H completed a deal on Apr 01 ’24 to sell 8000.0 shares. Meanwhile, President & CEO AMON CRISTIANO R sold 8100.0 shares on Mar 07 ’24.
