Qualcomm, Inc. [QCOM] stock prices are up 1.77% to $203.70 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QCOM shares have gain 3.23% over the last week, with a monthly amount drifted -1.08%, 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 June 04, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $235 from $200. Previously, BofA Securities reaffirmed its Buy rating on May 31, 2024, and elevated its price target to $245. On April 23, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $200 on the stock. Evercore ISI started tracking the stock assigning a In-line rating and suggested a price target of $177 on April 16, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $170 on February 01, 2024. Citigroup downgraded its rating to Neutral for this stock on February 01, 2024, but kept the price target unchanged to $160. In a note dated January 23, 2024, Cantor Fitzgerald initiated an Neutral rating and provided a target price of $150 on this stock.
The stock price of Qualcomm, Inc. [QCOM] has been fluctuating between $104.33 and $230.63 over the past year. Currently, Wall Street analysts expect the stock to reach $184.89 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $203.70 at the most recent close of the market. An investor can expect a potential drop of -9.23% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
The Qualcomm, Inc. [NASDAQ:QCOM] reported sales of 36.41B for trailing twelve months, representing a surge of 1.23%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.37 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
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 201.21 points at the first support level, and at 198.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.63, and for the 2nd resistance point, it is at 207.46.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc. [NASDAQ:QCOM]’s Current Ratio is 2.65. As well, the Quick Ratio is 1.98, while the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 6.24, the price to book ratio is 9.31 and price to earnings (TTM) ratio is 27.37.
Transactions by insiders
Recent insider trading involved THOMPSON JAMES H, Chief Technology Officer, that happened on Jul 01 ’24 when 8000.0 shares were sold. Chief Technology Officer, THOMPSON JAMES H completed a deal on Jun 03 ’24 to sell 8000.0 shares. Meanwhile, CFO & COO Palkhiwala Akash J. sold 3000.0 shares on Jun 03 ’24.
