A new trading day began on Monday, with Broadcom Inc (NASDAQ: AVGO) stock price up 0.50% from the previous day of trading, before settling in for the closing price of $164.84. AVGO’s price has ranged from $90.31 to $186.42 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 12.37% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 14.44%. With a float of $4.58 billion, this company’s outstanding shares have now reached $4.67 billion.
In an organization with 20000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 59.14%, operating margin of 30.19%, and the pretax margin is 21.62%.
Broadcom Inc (AVGO) Insider Updates
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 2.02%, while institutional ownership is 76.21%. 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 14.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.10% 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 15.99. Likewise, its price to free cash flow for the trailing twelve months is 40.13.
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 6.17 in one year’s time.
Technical Analysis of Broadcom Inc (AVGO)
Let’s dig in a bit further. During the last 5-days, its volume was 18.54 million. That was inferior than the volume of 29.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.14%. Additionally, its Average True Range was 5.54.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 64.17%, which indicates a significant increase from 15.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.09% in the past 14 days, which was lower than the 51.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $173.34, while its 200-day Moving Average is $150.80. However, in the short run, Broadcom Inc’s stock first resistance to watch stands at $167.27. Second resistance stands at $168.87. The third major resistance level sits at $171.40. If the price goes on to break the first support level at $163.14, it is likely to go to the next support level at $160.62. Assuming the price breaks the second support level, the third support level stands at $159.02.
Broadcom Inc (NASDAQ: AVGO) Key Stats
With a market capitalization of 748.61 billion, the company has a total of 4,670,576K 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.
