Broadcom Inc (NASDAQ: AVGO) kicked off on Friday, down -0.25% from the previous trading day, before settling in for the closing price of $166.13. Over the past 52 weeks, AVGO has traded in a range of $79.51-$185.16.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 11.57%. While this was happening, its average annual earnings per share was recorded 13.59%. With a float of $4.56 billion, this company’s outstanding shares have now reached $4.65 billion.
The extent of productivity of a business whose workforce counts for 20000 workers is very important to gauge. In terms of profitability, gross margin is 61.59%, operating margin of 33.32%, and the pretax margin is 25.55%.
Broadcom Inc (AVGO) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Broadcom Inc is 2.02%, while institutional ownership is 77.13%. The most recent insider transaction that took place on Jul 11 ’24, was worth 12,798,037. In this transaction President and CEO of this company sold 7,502 shares at a rate of $1705.95, taking the stock ownership to the 138,191 shares. Before that another transaction happened on Jun 20 ’24, when Company’s Director sold 254 for $1750.26, making the entire transaction worth $444,566. This insider now owns 2,748 shares in total.
Broadcom Inc (AVGO) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 4/30/2024, the organization reported 0.96 earnings per share (EPS), higher than consensus estimate (set at 0.94) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.80% during the next five years compared to 2.37% growth over the previous five years of trading.
Broadcom Inc (NASDAQ: AVGO) Trading Performance Indicators
Take a look at Broadcom Inc’s (AVGO) current performance indicators. Last quarter, stock had a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.10. Likewise, its price to free cash flow for the trailing twelve months is 41.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.32, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 6.11 in one year’s time.
Technical Analysis of Broadcom Inc (AVGO)
The latest stats from [Broadcom Inc, AVGO] show that its last 5-days average volume of 21.45 million was inferior to 31.78 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic%D was 95.81%. Additionally, its Average True Range was 8.04.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 70.27%, which indicates a significant decrease from 97.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.27% in the past 14 days, which was higher than the 51.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $158.88, while its 200-day Moving Average is $129.67. Now, the first resistance to watch is $166.98. This is followed by the second major resistance level at $168.24. The third major resistance level sits at $170.39. If the price goes on to break the first support level at $163.57, it is likely to go to the next support level at $161.42. Assuming the price breaks the second support level, the third support level stands at $160.16.
Broadcom Inc (NASDAQ: AVGO) Key Stats
The company with the Market Capitalisation of 771.41 billion has total of 4,654,880K Shares Outstanding. Its annual sales at the moment are 35,819 M in contrast with the sum of 14,082 M annual income. Company’s last quarter sales were recorded 12,487 M and last quarter income was 2,121 M.
