Broadcom Inc [AVGO] stock is trading at $168.15, up 0.98%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVGO shares have gain 2.02% over the last week, with a monthly amount drifted -0.46%, 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 October 14, 2024, when Mizuho reiterated its Outperform rating and also boosted its price target to $220 from $190. On July 16, 2024, TD Cowen reiterated its Buy rating and revised its price target to $210 on the stock. Rosenblatt reiterated its Buy rating and increased its price target to $2400 on July 11, 2024. Citigroup reiterated its recommendation of a Buy but $1560 remained the price target by the analyst firm on June 11, 2024. Melius started tracking with a Buy rating for this stock on June 03, 2024, and assigned it a price target of $1850. In a note dated May 13, 2024, Jefferies initiated an Buy rating and provided a target price of $1550 on this stock.
Broadcom Inc [AVGO] stock has fluctuated between $90.31 and $186.42 over the past year. Currently, Wall Street analysts expect the stock to reach $169.81 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $168.15 at the most recent close of the market. An investor can expect a potential return of 0.99% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
Broadcom Inc [NASDAQ:AVGO] reported sales of 46.81B for the trailing twelve months, which represents a growth of 47.27%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
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 165.36 points at the first support level, and at 162.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.60, and for the 2nd resistance point, it is at 171.06.
Ratios To Look Out For
For context, Broadcom Inc’s Current Ratio is 1.04. As well, the Quick Ratio is 0.94, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 16.78, the price to book ratio is 11.96 and price to earnings (TTM) ratio is 146.37.
Transactions by insiders
Recent insider trading involved Kawwas Charlie B, President, Semi Solutions Grp, that happened on Oct 11 ’24 when 15950.0 shares were sold. Chief Legal & Corp Affairs Ofc, Brazeal Mark David completed a deal on Oct 11 ’24 to sell 18900.0 shares. Meanwhile, Chief Legal & Corp Affairs Ofc Brazeal Mark David sold 18900.0 shares on Oct 09 ’24.
