As on Thursday, Broadcom Inc (NASDAQ: AVGO) got off with the flyer as it spiked 4.54% to $1382.46, before settling in for the price of $1322.37 at the close. Taking a more long-term approach, AVGO posted a 52-week range of $601.29-$1438.17.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 11.57%. Meanwhile, its Annual Earning per share during the time was 2.37%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 11.47%. This publicly-traded company’s shares outstanding now amounts to $463.42 million, simultaneously with a float of $453.81 million. The organization now has a market capitalization sitting at $640.66 billion. At the time of writing, stock’s 50-day Moving Average stood at $1,296.80, while the 200-day Moving Average is $1,026.76.
Broadcom Inc (AVGO) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Semiconductors industry. Broadcom Inc’s current insider ownership accounts for 2.07%, in contrast to 78.25% institutional ownership. According to the most recent insider trade that took place on Apr 05 ’24, this organization’s CFO & Chief Accounting Officer sold 3,000 shares at the rate of 1343.14, making the entire transaction reach 4,029,435 in total value, affecting insider ownership by 43,459. Preceding that transaction, on Apr 03 ’24, Company’s Chief Legal & Corp Affairs Ofc sold 2,500 for 1367.52, making the whole transaction’s value amount to 3,418,800. This particular insider is now the holder of 44,474 in total.
Broadcom Inc (AVGO) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 1/30/2024, the company posted $10.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $9.48) by $0.64. Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.89 per share during the current fiscal year.
Broadcom Inc’s EPS increase for this current 12-month fiscal period is 11.47% and is forecasted to reach 57.41 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 14.40% through the next 5 years, which can be compared against the 2.37% growth it accomplished over the previous five years trading on the market.
Broadcom Inc (NASDAQ: AVGO) Trading Performance Indicators
Let’s observe the current performance indicators for Broadcom Inc (AVGO). It’s Quick Ratio in the last reported quarter now stands at 1.24. The Stock has managed to achieve an average true range (ATR) of 47.34. Alongside those numbers, its PE Ratio stands at $51.24, and its Beta score is 1.27. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 16.48. Similarly, its price to free cash flow for trailing twelve months is now 34.83.
In the same vein, AVGO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 26.98, a figure that is expected to reach 10.81 in the next quarter, and analysts are predicting that it will be 57.41 at the market close of one year from today.
Technical Analysis of Broadcom Inc (AVGO)
Through scrutinizing the latest numbers posted by the [Broadcom Inc, AVGO], it can be observed that its last 5-days Average volume of 2.08 million was lower the volume of 2.99 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 44.23% While, its Average True Range was 47.84.
Raw Stochastic average of Broadcom Inc (AVGO) in the period of the previous 100 days is set at 89.59%, which indicates a major rise in contrast to 80.07% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 28.62% that was lower than 37.04% volatility it exhibited in the past 100-days period.
