Recent Performance of Broadcom Inc (AVGO) Stock: A Closer Look

A share price of Broadcom Inc [AVGO] is currently trading at $224.80, up 24.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AVGO shares have gain 25.22% over the last week, with a monthly amount glided 29.51%, and 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 December 13, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $240 from $210. Previously, Mizuho reaffirmed its Outperform rating on October 14, 2024, and elevated its price target to $220. On September 18, 2024, William Blair initiated with a Outperform rating. TD Cowen reiterated its Buy rating and increased its price target to $210 on July 16, 2024. Rosenblatt reiterated its recommendation of a Buy and raised its price target to $2400 on July 11, 2024. Citigroup reiterated a Buy rating for this stock on June 11, 2024, but kept the price target unchanged to $1560. In a note dated June 03, 2024, Melius initiated an Buy rating and provided a target price of $1850 on this stock.

Broadcom Inc experienced fluctuations in its stock price throughout the past year between $104.15 and $186.42. Currently, Wall Street analysts expect the stock to reach $209.11 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $224.80 at the most recent close of the market. An investor can expect a potential drop of -6.98% based on the average AVGO price forecast.

Analyzing the AVGO fundamentals

Trailing Twelve Months sales for Broadcom Inc [NASDAQ:AVGO] were 51.57B which represents 51.20% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, 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 of1.0.

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 214.37 points at the first support level, and at 203.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 231.96, and for the 2nd resistance point, it is at 239.13.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Broadcom Inc [NASDAQ:AVGO] is 1.17. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 25.33, the price to book ratio is 15.99 and price to earnings (TTM) ratio is 183.74.

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.

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