A share price of Qualcomm, Inc. [QCOM] is currently trading at $176.00, up 2.19%. 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 1.63% over the last week, with a monthly amount glided 3.50%, 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 16, 2024, when Citigroup reiterated its Neutral rating and also revised its price target to $185 from $200. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on October 08, 2024. On August 12, 2024, downgrade downgraded it’s rating to Peer Perform. DZ Bank upgraded its rating to a Buy but stick to its price target of $210 on August 02, 2024. HSBC Securities downgraded its rating to a Hold but $200 remained the price target by the analyst firm on July 17, 2024. TD Cowen reiterated a Buy rating for this stock on June 04, 2024, and upped its price target to $235. In a note dated May 31, 2024, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $180 to $245.
Qualcomm, Inc. experienced fluctuations in its stock price throughout the past year between $106.18 and $230.63. Currently, Wall Street analysts expect the stock to reach $189.7 within the next 12 months. Qualcomm, Inc. [NASDAQ: QCOM] shares were valued at $176.00 at the most recent close of the market. An investor can expect a potential return of 7.78% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
Trailing Twelve Months sales for Qualcomm, Inc. [NASDAQ:QCOM] were 37.35B which represents 11.15% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 172.65 points at the first support level, and at 169.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.96, and for the 2nd resistance point, it is at 179.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Qualcomm, Inc. [NASDAQ:QCOM] 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 5.25, the price to book ratio is 7.96 and price to earnings (TTM) ratio is 22.81.
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.
