Broadcom Inc (NASDAQ: AVGO) kicked off on Friday, up 3.50% from the previous trading day, before settling in for the closing price of $229.41. Over the past 52 weeks, AVGO has traded in a range of $109.02-$251.88.
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Annual sales at Technology sector company grew by 18.69% over the past five years. While this was happening, its average annual earnings per share was recorded 30.61%. With a float of $4.59 billion, this company’s outstanding shares have now reached $4.69 billion.
Let’s look at the performance matrix of the company that is accounted for 37000 employees. 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 and Institutional Ownership
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 2.01%, while institutional ownership is 75.93%. The most recent insider transaction that took place on Jan 08 ’25, was worth 918,548. In this transaction Director of this company sold 4,000 shares at a rate of $229.64, taking the stock ownership to the 46,400 shares. Before that another transaction happened on Jan 06 ’25, when Company’s Director sold 48,000 for $235.35, making the entire transaction worth $11,296,800. This insider now owns 113,050 shares in total.
Broadcom Inc (AVGO) Latest Financial update
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 30.61% 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
Take a look at Broadcom Inc’s (AVGO) current performance indicators. Last quarter, 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 21.58. Likewise, its price to free cash flow for the trailing twelve months is 57.33.
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 7.67 in one year’s time.
Technical Analysis of Broadcom Inc (AVGO)
Broadcom Inc (NASDAQ: AVGO) saw its 5-day average volume 23.67 million, a negative change from its year-to-date volume of 25.22 million. As of the previous 9 days, the stock’s Stochastic %D was 54.44%. Additionally, its Average True Range was 9.50.
During the past 100 days, Broadcom Inc’s (AVGO) raw stochastic average was set at 87.66%, which indicates a significant increase from 68.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.16% in the past 14 days, which was lower than the 58.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $199.22, while its 200-day Moving Average is $165.93. Nevertheless, the first resistance level for the watch stands at $239.47 in the near term. At $241.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $244.91. If the price goes on to break the first support level at $234.03, it is likely to go to the next support level at $230.63. The third support level lies at $228.59 if the price breaches the second support level.
Broadcom Inc (NASDAQ: AVGO) Key Stats
The company with the Market Capitalisation of 1112.97 billion has total of 4,687,356K Shares Outstanding. Its annual sales at the moment are 51,574 M in contrast with the sum of 5,895 M annual income. Company’s last quarter sales were recorded 14,054 M and last quarter income was 4,324 M.
