Broadcom Inc [AVGO] stock is trading at $217.73, down -1.60%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AVGO shares have gain 7.72% over the last week, with a monthly amount drifted -6.09%, and not 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 [AVGO] stock has fluctuated between $117.91 and $251.88 over the past year. Currently, Wall Street analysts expect the stock to reach $214.25 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $217.73 at the most recent close of the market. An investor can expect a potential drop of -1.6% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
Broadcom Inc [NASDAQ:AVGO] reported sales of 51.57B for the trailing twelve months, which represents a growth 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. 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 213.85 points at the first support level, and at 209.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.28, and for the 2nd resistance point, it is at 224.82.
Ratios To Look Out For
For context, Broadcom Inc’s Current Ratio is 1.17. Further, the Quick Ratio stands at 1.07, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 19.79, the price to book ratio is 15.08 and price to earnings (TTM) ratio is 178.60.
Transactions by insiders
Recent insider trading involved HARTENSTEIN EDDY W, Director, that happened on Jan 08 ’25 when 4000.0 shares were sold. Director, Low Check Kian completed a deal on Jan 06 ’25 to sell 48000.0 shares. Meanwhile, Director Eddy W. Hartenstein bought 4000.0 shares on Jan 08 ’25.
