A new trading day began on Friday, with Broadcom Inc (NASDAQ: AVGO) stock price down -1.47% from the previous day of trading, before settling in for the closing price of $245.36. AVGO’s price has ranged from $104.15 to $251.88 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 18.69%. Meanwhile, its annual earnings per share averaged 30.31%. With a float of $4.59 billion, this company’s outstanding shares have now reached $4.69 billion.
Considering the fact that the conglomerate employs 37000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 60.18%, operating margin of 28.15%, and the pretax margin is 19.23%.
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 2.02%, while institutional ownership is 75.84%. The most recent insider transaction that took place on Dec 24 ’24, was worth 10,798,200. In this transaction President and CEO of this company sold 45,000 shares at a rate of $239.96, taking the stock ownership to the 842,836 shares. Before that another transaction happened on Dec 24 ’24, when Company’s Chief Legal & Corp Affairs Ofc sold 20,168 for $238.79, making the entire transaction worth $4,815,937. This insider now owns 321,660 shares in total.
Broadcom Inc (AVGO) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.20% during the next five years compared to 13.91% 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 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.65. Likewise, its price to free cash flow for the trailing twelve months is 57.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.22, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 7.63 in one year’s time.
Technical Analysis of Broadcom Inc (AVGO)
Compared to the last year’s volume of 30.52 million, its volume of 50.64 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.47%. Additionally, its Average True Range was 11.16.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 91.34%, which indicates a significant increase from 87.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.83% in the past 14 days, which was higher than the 60.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $184.78, while its 200-day Moving Average is $159.43. Nevertheless, the first resistance level for the watch stands at $246.24 in the near term. At $250.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $255.66. If the price goes on to break the first support level at $236.81, it is likely to go to the next support level at $231.87. Should the price break the second support level, the third support level stands at $227.38.
Broadcom Inc (NASDAQ: AVGO) Key Stats
With a market capitalization of 1116.50 billion, the company has a total of 4,687,356K Shares Outstanding. Currently, annual sales are 51,574 M while annual income is 5,895 M. The company’s previous quarter sales were 14,054 M while its latest quarter income was 4,324 M.
