Qualcomm, Inc [QCOM] stock prices are down -0.90% to $159.08 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QCOM shares have gain 3.55% over the last week, with a monthly amount drifted -0.27%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Qualcomm, Inc [NASDAQ: QCOM] stock has seen the most recent analyst activity on December 09, 2024, when Melius initiated its Hold rating and assigned the stock a price target of $180. Previously, Loop Capital started tracking the stock with Hold rating on November 12, 2024, and set its price target to $180. On October 16, 2024, Citigroup reiterated its Neutral rating and revised its price target to $185 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Wolfe Research downgraded its rating to a Peer Perform. DZ Bank upgraded its rating to Buy for this stock on August 02, 2024, but kept the price target unchanged to $210. In a note dated July 17, 2024, HSBC Securities downgraded an Hold rating on this stock but restated the target price of $200.
The stock price of Qualcomm, Inc [QCOM] has been fluctuating between $136.03 and $230.63 over the past year. Currently, Wall Street analysts expect the stock to reach $192.5 within the next 12 months. Qualcomm, Inc [NASDAQ: QCOM] shares were valued at $159.08 at the most recent close of the market. An investor can expect a potential return of 21.01% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 157.28 points at the first support level, and at 155.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.53, and for the 2nd resistance point, it is at 161.99.
Ratios To Look Out For
It’s worth pointing out that Qualcomm, Inc [NASDAQ:QCOM]’s Current Ratio is 2.40. Also, the Quick Ratio is 1.72, while the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 4.54, the price to book ratio is 6.74 and price to earnings (TTM) ratio is 17.72.
Transactions by insiders
Recent insider trading involved Palkhiwala Akash J., CFO & COO, that happened on Jan 02 ’25 when 3000.0 shares were sold. Chief Financial Officer, Akash Palkhiwala completed a deal on Jan 02 ’25 to buy 3000.0 shares. Meanwhile, General Counsel&Corp Secretary CHAPLIN ANN C sold 2587.0 shares on Dec 16 ’24.
