Broadcom Inc [AVGO] stock prices are down -1.47% to $241.75 at the moment. 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 10.73% over the last week, with a monthly amount glided 46.75%, 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.
The stock price of Broadcom Inc [AVGO] has been fluctuating between $104.15 and $251.88 over the past year. Currently, Wall Street analysts expect the stock to reach $212.67 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $241.75 at the most recent close of the market. An investor can expect a potential drop of -12.03% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
The Broadcom Inc [NASDAQ:AVGO] reported sales of 51.57B for trailing twelve months, representing a surge of 51.20%. 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 236.81 points at the first support level, and at 231.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 246.24, and for the 2nd resistance point, it is at 250.72.
Ratios To Look Out For
It’s worth pointing out that Broadcom Inc [NASDAQ:AVGO]’s Current Ratio 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 21.65, the price to book ratio is 16.74 and price to earnings (TTM) ratio is 198.30.
Transactions by insiders
Recent insider trading involved TAN HOCK E, President and CEO, that happened on Dec 24 ’24 when 45000.0 shares were sold. Chief Legal & Corp Affairs Ofc, Brazeal Mark David completed a deal on Dec 24 ’24 to sell 20168.0 shares. Meanwhile, CFO & Chief Accounting Officer Spears Kirsten M. sold 12570.0 shares on Dec 20 ’24.
