Qualcomm, Inc [QCOM] stock prices are down -0.28% to $162.58 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 2.37% over the last week, with a monthly amount drifted -1.63%, 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 November 12, 2024, when Loop Capital initiated its Hold rating and assigned the stock a price target of $180. Previously, Citigroup reaffirmed its Neutral rating on October 16, 2024, and dropped its price target to $185. On October 08, 2024, downgrade downgraded it’s rating to Sector Weight. Wolfe Research downgraded its rating to a Peer Perform. DZ Bank upgraded its rating to a Buy but $210 remained the price target by the analyst firm on August 02, 2024. HSBC Securities downgraded its rating to Hold for this stock on July 17, 2024, but kept the price target unchanged to $200. In a note dated June 04, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $200 to $235.
The stock price of Qualcomm, Inc [QCOM] has been fluctuating between $128.03 and $230.63 over the past year. Currently, Wall Street analysts expect the stock to reach $192.48 within the next 12 months. Qualcomm, Inc [NASDAQ: QCOM] shares were valued at $162.58 at the most recent close of the market. An investor can expect a potential return of 18.39% based on the average QCOM price forecast.
Analyzing the QCOM fundamentals
The Qualcomm, Inc [NASDAQ:QCOM] reported sales of 38.96B for trailing twelve months, representing a surge of 18.69%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.41 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
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 161.31 points at the first support level, and at 160.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.85, and for the 2nd resistance point, it is at 165.13.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc [NASDAQ:QCOM]’s Current Ratio is 2.40. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 6.89 and price to earnings (TTM) ratio is 18.11.
Transactions by insiders
Recent insider trading involved MARTIN NEIL, SVP, Finance and CAO, that happened on Nov 21 ’24 when 1304.0 shares were sold. Officer, NEIL A MARTIN completed a deal on Nov 21 ’24 to buy 1304.0 shares. Meanwhile, CFO & COO Palkhiwala Akash J. sold 3000.0 shares on Nov 14 ’24.
