On Friday, Broadcom Inc (NASDAQ: AVGO) was 2.48% up from the session before settling in for the closing price of $162.34. A 52-week range for AVGO has been $79.51 – $185.16.
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Technology Sector giant saw their annual sales surged by 11.57% over the last five years. When this article was written, the company’s average yearly earnings per share was at 13.59%. With a float of $4.56 billion, this company’s outstanding shares have now reached $4.65 billion.
The firm has a total of 20000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 61.59%, operating margin of 33.32%, and the pretax margin is 25.55%.
Broadcom Inc (AVGO) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Broadcom Inc stocks. The insider ownership of Broadcom Inc is 2.03%, while institutional ownership is 76.84%. 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) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 4/30/2024, it has been observed that the corporation posted 0.94 earnings per share (EPS) during the time that was better than consensus figure (set at 0.93) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 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
You can see what Broadcom Inc (AVGO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.17. Likewise, its price to free cash flow for the trailing twelve months is 41.95.
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)
Analysing the last 5-days average volume posted by the [Broadcom Inc, AVGO], we can find that recorded value of 20.97 million was lower than the volume posted last year of 31.45 million. As of the previous 9 days, the stock’s Stochastic %D was 74.61%. Additionally, its Average True Range was 7.55.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 71.25%, which indicates a significant decrease from 83.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.36% in the past 14 days, which was lower than the 51.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $161.03, while its 200-day Moving Average is $131.65. Now, the first resistance to watch is $168.61. This is followed by the second major resistance level at $170.85. The third major resistance level sits at $173.43. If the price goes on to break the first support level at $163.79, it is likely to go to the next support level at $161.21. Now, if the price goes above the second support level, the third support stands at $158.97.
Broadcom Inc (NASDAQ: AVGO) Key Stats
There are 4,654,880K outstanding shares of the company, which has a market capitalization of 774.39 billion. As of now, sales total 35,819 M while income totals 14,082 M. Its latest quarter income was 12,487 M while its last quarter net income were 2,121 M.
