QUALCOMM Incorporated (QCOM) average volume reaches $10.89M: Is Wall Street expecting a rally?

A new trading day began on June 21, 2022, with QUALCOMM Incorporated (NASDAQ: QCOM) stock priced at $123.77, up 2.81% from the previous day of trading. During the day, the shares moved up to $126.1199 and dropped to $123.72 before settling in for the closing price of $120.99. QCOM’s price has ranged from $118.36 to $193.58 over the past 52 weeks.


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During the last 5-year period, the sales growth of Technology Sector giant was 7.30%. Meanwhile, its annual earnings per share averaged 74.00%. With a float of $1.12 billion, this company’s outstanding shares have now reached $1.12 billion.

Let’s determine the extent of company efficiency that accounts for 45000 employees. In terms of profitability, gross margin is +57.51, operating margin of +29.16, and the pretax margin is +30.61.

QUALCOMM Incorporated (QCOM) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of QUALCOMM Incorporated is 0.12%, while institutional ownership is 75.50%. The most recent insider transaction that took place on May 23, was worth 197,654. In this transaction SVP, Controller & CAO of this company sold 1,521 shares at a rate of $129.95, taking the stock ownership to the 0 shares. Before that another transaction happened on May 04, when Company’s Chief Commercial Officer sold 1,600 for $145.04, making the entire transaction worth $232,064. This insider now owns 855 shares in total.

QUALCOMM Incorporated (QCOM) Earnings and Forecasts

In its latest quarterly report, released on 3/30/2022, the company reported earnings of $3.21 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +26.94 while generating a return on equity of 112.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.27 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 74.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.34% during the next five years compared to 15.60% growth over the previous five years of trading.

QUALCOMM Incorporated (NASDAQ: QCOM) Trading Performance Indicators

Here are QUALCOMM Incorporated’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.54. Likewise, its price to free cash flow for the trailing twelve months is 33.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.77, a number that is poised to hit 2.88 in the next quarter and is forecasted to reach 13.17 in one year’s time.

Technical Analysis of QUALCOMM Incorporated (QCOM)

Looking closely at QUALCOMM Incorporated (NASDAQ: QCOM), its last 5-days average volume was 11.51 million, which is a jump from its year-to-date volume of 11.06 million. As of the previous 9 days, the stock’s Stochastic %D was 15.96%. Additionally, its Average True Range was 5.58.

During the past 100 days, QUALCOMM Incorporated’s (QCOM) raw stochastic average was set at 8.18%, which indicates a significant decrease from 21.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.84% in the past 14 days, which was lower than the 51.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $136.21, while its 200-day Moving Average is $153.89. However, in the short run, QUALCOMM Incorporated’s stock first resistance to watch stands at $125.77. Second resistance stands at $127.14. The third major resistance level sits at $128.17. If the price goes on to break the first support level at $123.37, it is likely to go to the next support level at $122.34. Should the price break the second support level, the third support level stands at $120.97.

QUALCOMM Incorporated (NASDAQ: QCOM) Key Stats

With a market capitalization of 139.12 billion, the company has a total of 1,120,000K Shares Outstanding. Currently, annual sales are 33,566 M while annual income is 9,043 M. The company’s previous quarter sales were 11,164 M while its latest quarter income was 2,934 M.

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