A share price of Broadcom Inc [AVGO] is currently trading at $239.68, up 3.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVGO shares have lost -0.14% over the last week, with a monthly amount glided 46.08%, and seem to be holding up well over a long-time horizon.
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 $251.88. Currently, Wall Street analysts expect the stock to reach $212.67 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $239.68 at the most recent close of the market. An investor can expect a potential drop of -11.27% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
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 236.24 points at the first support level, and at 232.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 241.67, and for the 2nd resistance point, it is at 243.66.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Broadcom Inc [NASDAQ:AVGO] is 1.17. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 22.47, the price to book ratio is 16.60 and price to earnings (TTM) ratio is 196.60.
Transactions by insiders
Recent insider trading involved Bryant Diane M, Director, that happened on Dec 23 ’24 when 15000.0 shares were purchased. Officer, Spears Kirsten M. completed a deal on Dec 20 ’24 to buy 12570.0 shares. Meanwhile, Director You Harry L. sold 6540.0 shares on Dec 17 ’24.
