Broadcom Inc (NASDAQ: AVGO) kicked off on Monday, up 1.08% from the previous trading day, before settling in for the closing price of $171.10. Over the past 52 weeks, AVGO has traded in a range of $79.51-$185.16.
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Technology Sector giant saw their annual sales surged by 11.57% over the last five years. While this was happening, its average annual earnings per share was recorded 14.51%. 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.
Broadcom Inc (AVGO) Insider Activity
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 2.03%, while institutional ownership is 76.61%. The most recent insider transaction that took place on Sep 19 ’24, was worth 4,240,505. In this transaction President, Semi Solutions Grp of this company sold 25,200 shares at a rate of $168.27, taking the stock ownership to the 753,280 shares. Before that another transaction happened on Sep 17 ’24, when Company’s President and CEO sold 50,000 for $163.37, making the entire transaction worth $8,168,550. This insider now owns 1,331,910 shares in total.
Broadcom Inc (AVGO) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.51% 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
Take a look at Broadcom Inc’s (AVGO) current performance indicators. Last quarter, 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 17.25. Likewise, its price to free cash flow for the trailing twelve months is 43.30.
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 40.01 million was better than the volume posted last year of 31.74 million. As of the previous 9 days, the stock’s Stochastic %D was 96.11%. Additionally, its Average True Range was 7.55.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 80.55%, which indicates a significant decrease from 99.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.06% in the past 14 days, which was higher than the 56.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $157.01, while its 200-day Moving Average is $138.04. Now, the first resistance to watch is $174.72. This is followed by the second major resistance level at $176.51. The third major resistance level sits at $179.69. If the price goes on to break the first support level at $169.75, it is likely to go to the next support level at $166.57. Should the price break the second support level, the third support level stands at $164.78.
Broadcom Inc (NASDAQ: AVGO) Key Stats
The company with the Market Capitalisation of 807.73 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 13,072 M and last quarter income was -1,875 M.
