Qualcomm, Inc. [QCOM] stock prices are up 1.23% to $174.22 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The QCOM shares have gain 4.23% over the last week, with a monthly amount drifted -9.89%, 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 August 12, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, DZ Bank upgraded its rating to Buy on August 02, 2024, and kept the price target unchanged to $210. On July 17, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $200 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $235 on June 04, 2024. BofA Securities reiterated its recommendation of a Buy and raised its price target to $245 on May 31, 2024. The Benchmark Company started tracking with a Buy rating for this stock on April 23, 2024, and assigned it a price target of $200. In a note dated April 16, 2024, Evercore ISI initiated an In-line rating and provided a target price of $177 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 $186.74 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $174.22 at the most recent close of the market. An investor can expect a potential return of 7.19% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
The Qualcomm, Inc. [NASDAQ:QCOM] reported sales of 37.35B for trailing twelve months, representing a surge of 11.15%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.37 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
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 172.57 points at the first support level, and at 170.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 175.37, and for the 2nd resistance point, it is at 176.52.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc. [NASDAQ:QCOM]’s Current Ratio is 2.39. On the other hand, the Quick Ratio is 1.78, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 5.20, the price to book ratio is 7.88 and price to earnings (TTM) ratio is 22.58.
Transactions by insiders
Recent insider trading involved Palkhiwala Akash J., CFO & COO, that happened on Aug 08 ’24 when 3000.0 shares were sold. Chief Technology Officer, THOMPSON JAMES H completed a deal on Aug 08 ’24 to sell 4539.0 shares. Meanwhile, Chief Financial Officer Akash Palkhiwala bought 3000.0 shares on Aug 08 ’24.
