At the time of writing, Broadcom Inc [AVGO] stock is trading at $151.34, down -7.59%. 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 lost -2.97% over the last week, with a monthly amount drifted -4.95%, and not 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 July 16, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $210 from $175. Previously, Rosenblatt reaffirmed its Buy rating on July 11, 2024, and elevated its price target to $2400. On June 11, 2024, Citigroup reiterated its Buy rating but maintained its price target of $1560 on the stock. Melius started tracking the stock assigning a Buy rating and suggested a price target of $1850 on June 03, 2024. Jefferies initiated its recommendation with a Buy and recommended $1550 as its price target on May 13, 2024. Barclays reiterated a Overweight rating for this stock on April 17, 2024, and upped its price target to $1500. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $1620 on this stock.
For the past year, the stock price of Broadcom Inc fluctuated between $79.51 and $185.16. Currently, Wall Street analysts expect the stock to reach $1448.27 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $151.34 at the most recent close of the market. An investor can expect a potential return of 856.96% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
According to Broadcom Inc [NASDAQ:AVGO], the company’s sales were 42.62B for trailing twelve months, which represents an 42.99% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.22 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.06.
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 147.82 points at the first support level, and at 144.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.13, and for the 2nd resistance point, it is at 164.92.
Ratios To Look Out For
It is important to note that Broadcom Inc [NASDAQ:AVGO] has a current ratio of 1.25. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 16.53, the price to book ratio is 10.06 and price to earnings (TTM) ratio is 65.11.
Transactions by insiders
Recent insider trading involved TAN HOCK E, President and CEO, that happened on Jul 11 ’24 when 7502.0 shares were sold. Director, PAGE JUSTINE completed a deal on Jun 20 ’24 to sell 254.0 shares. Meanwhile, President, Semi Solutions Grp Kawwas Charlie B sold 2520.0 shares on Jun 17 ’24.
