Qualcomm, Inc. [QCOM] stock prices are up 4.74% to $178.04 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QCOM shares have gain 6.65% over the last week, with a monthly amount glided 6.15%, and 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 October 08, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Wolfe Research downgraded its rating to Peer Perform on August 12, 2024. On August 02, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $210 on the stock. HSBC Securities downgraded its rating to a Hold but stick to its price target of $200 on July 17, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $235 on June 04, 2024. BofA Securities reiterated a Buy rating for this stock on May 31, 2024, and upped its price target to $245. In a note dated April 23, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $200 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 $178.04 at the most recent close of the market. An investor can expect a potential return of 4.89% 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 173.00 points at the first support level, and at 167.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.97, and for the 2nd resistance point, it is at 183.91.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc. [NASDAQ:QCOM]’s Current Ratio is 2.39. Also, the Quick Ratio is 1.78, while the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 5.31, the price to book ratio is 8.05 and price to earnings (TTM) ratio is 23.08.
Transactions by insiders
Recent insider trading involved THOMPSON JAMES H, Chief Technology Officer, that happened on Oct 01 ’24 when 8000.0 shares were sold. President QTL & Global Affairs, ROGERS ALEXANDER H completed a deal on Oct 02 ’24 to sell 3245.0 shares. Meanwhile, CFO & COO Palkhiwala Akash J. sold 3000.0 shares on Oct 01 ’24.
