2.96% volatility in Broadcom Inc (AVGO) last month: This is a red flag warning

On Friday, Broadcom Inc (NASDAQ: AVGO) was -0.50% drop from the session before settling in for the closing price of $169.77. A 52-week range for AVGO has been $83.56 – $186.42.

Annual sales at Technology sector company grew by 12.37% over the past five years. When this article was written, the company’s average yearly earnings per share was at 14.50%. With a float of $4.58 billion, this company’s outstanding shares have now reached $4.67 billion.

Let’s look at the performance matrix of the company that is accounted 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 Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Broadcom Inc stocks. The insider ownership of Broadcom Inc is 2.02%, while institutional ownership is 77.21%. 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) Performance Highlights and Predictions

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

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 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.77. Likewise, its price to free cash flow for the trailing twelve months is 42.08.

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)

Broadcom Inc (NASDAQ: AVGO) saw its 5-day average volume 19.75 million, a negative change from its year-to-date volume of 30.09 million. As of the previous 9 days, the stock’s Stochastic %D was 27.43%. Additionally, its Average True Range was 5.83.

During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 69.79%, which indicates a significant increase from 8.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.11% in the past 14 days, which was lower than the 56.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $169.02, while its 200-day Moving Average is $147.89. Nevertheless, the first resistance level for the watch stands at $171.00 in the near term. At $173.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $174.82. If the price goes on to break the first support level at $167.17, it is likely to go to the next support level at $165.42. Assuming the price breaks the second support level, the third support level stands at $163.35.

Broadcom Inc (NASDAQ: AVGO) Key Stats

There are 4,654,880K outstanding shares of the company, which has a market capitalization of 785.00 billion. As of now, sales total 35,819 M while income totals 14,082 M. Its latest quarter income was 13,072 M while its last quarter net income were -1,875 M.