Broadcom Inc (NASDAQ: AVGO) on Friday, soared 0.96% from the previous trading day, before settling in for the closing price of $171.35. Within the past 52 weeks, AVGO’s price has moved between $81.83 and $186.42.
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During the last 5-year period, the sales growth of Technology Sector giant was 11.57%. The company achieved an average annual earnings per share of 14.50%. With a float of $4.58 billion, this company’s outstanding shares have now reached $4.67 billion.
Let’s determine the extent of company efficiency that accounts for 20000 employees. 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
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Broadcom Inc is 2.02%, while institutional ownership is 77.48%. The most recent insider transaction that took place on Oct 11 ’24, was worth 2,894,048. In this transaction President, Semi Solutions Grp of this company sold 15,950 shares at a rate of $181.44, taking the stock ownership to the 737,330 shares. Before that another transaction happened on Oct 11 ’24, when Company’s Chief Legal & Corp Affairs Ofc sold 18,900 for $181.45, making the entire transaction worth $3,429,405. This insider now owns 361,660 shares in total.
Broadcom Inc (AVGO) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 1.11 earnings per share (EPS) for the period topping the consensus outlook (set at 1.1) by 0.01. 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 14.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.88% during the next five years compared to 2.37% growth over the previous five years of trading.
Broadcom Inc (NASDAQ: AVGO) Trading Performance Indicators
Broadcom Inc (AVGO) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.26. Likewise, its price to free cash flow for the trailing twelve months is 43.31.
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 6.19 in one year’s time.
Technical Analysis of Broadcom Inc (AVGO)
Looking closely at Broadcom Inc (NASDAQ: AVGO), its last 5-days average volume was 17.15 million, which is a drop from its year-to-date volume of 30.34 million. As of the previous 9 days, the stock’s Stochastic %D was 13.56%. Additionally, its Average True Range was 5.89.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 76.83%, which indicates a significant increase from 20.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.22% in the past 14 days, which was lower than the 56.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $168.23, while its 200-day Moving Average is $146.34. However, in the short run, Broadcom Inc’s stock first resistance to watch stands at $175.62. Second resistance stands at $178.25. The third major resistance level sits at $179.70. If the price goes on to break the first support level at $171.55, it is likely to go to the next support level at $170.10. Should the price break the second support level, the third support level stands at $167.47.
Broadcom Inc (NASDAQ: AVGO) Key Stats
Market capitalization of the company is 808.01 billion based on 4,654,880K outstanding shares. Right now, sales total 35,819 M and income totals 14,082 M. The company made 13,072 M in profit during its latest quarter, and -1,875 M in sales during its previous quarter.
