A new trading day began on Monday, with Broadcom Inc (NASDAQ: AVGO) stock price down -2.19% from the previous day of tradingbefore settling in for the closing price of $167.69. AVGO’s price has ranged from $79.51 to $185.16 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 11.57% over the last five years. Meanwhile, its annual earnings per share averaged 14.52%. With a float of $4.58 billion, this company’s outstanding shares have now reached $4.67 billion.
The firm has a total of 20000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 59.14%, operating margin of 31.13%, and the pretax margin is 21.62%.
Broadcom Inc (AVGO) 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 Broadcom Inc is 2.03%, while institutional ownership is 76.62%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 14.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.90% during the next five years compared to 2.37% growth over the previous five years of trading.
Broadcom Inc (NASDAQ: AVGO) Trading Performance Indicators
Here are Broadcom Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.36. Likewise, its price to free cash flow for the trailing twelve months is 41.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.15, a number that is poised to hit 1.39 in the next quarter and is forecasted to reach 6.18 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 35.07 million was better than the volume posted last year of 31.51 million. As of the previous 9 days, the stock’s Stochastic %D was 93.66%. Additionally, its Average True Range was 8.23.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 66.35%, which indicates a significant decrease from 87.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.09% in the past 14 days, which was higher than the 56.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $157.56, while its 200-day Moving Average is $136.18. Now, the first resistance to watch is $166.21. This is followed by the second major resistance level at $168.40. The third major resistance level sits at $171.30. If the price goes on to break the first support level at $161.12, it is likely to go to the next support level at $158.22. Should the price break the second support level, the third support level stands at $156.03.
Broadcom Inc (NASDAQ: AVGO) Key Stats
With a market capitalization of 766.07 billion, the company has a total of 4,654,880K Shares Outstanding. Currently, annual sales are 35,819 M while annual income is 14,082 M. The company’s previous quarter sales were 13,072 M while its latest quarter income was -1,875 M.
