Broadcom Inc (AVGO) concluded trading on Wednesday at a closing price of $1257.87, with 3.72 million shares of worth about $4.68 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.94% during that period and on March 13, 2024 the price saw a loss of about -2.63%. Currently the company’s common shares owned by public are about 463.42M shares, out of which, 453.97M shares are available for trading.
Stock saw a price change of -6.82% in past 5 days and over the past one month there was a price change of -0.56%. Year-to-date (YTD), AVGO shares are showing a performance of 12.69% which increased to 104.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $601.29 but also hit the highest price of $1438.17 during that period. The average intraday trading volume for Broadcom Inc shares is 3.17 million. The stock is currently trading -3.50% below its 20-day simple moving average (SMA20), while that difference is up 2.84% for SMA50 and it goes to 28.99% higher than SMA200.
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Broadcom Inc (NASDAQ: AVGO) currently have 463.42M outstanding shares and institutions hold larger chunk of about 78.25% of that.
The stock has a current market capitalization of $582.92B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 46.62, while it has posted earnings per share of $26.98 in the same period. Its PEG reads 3.38 and has Quick Ratio of 1.24 while making debt-to-equity ratio of 1.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVGO, volatility over the week remained 4.32% while standing at 3.13% over the month.
Analysts are in expectations that Broadcom Inc (AVGO) stock would likely to be making an EPS of $10.72 in the current quarter, while forecast for next quarter EPS is $11.77 and it is $56.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $7.8 which is $11.74 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $10.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.35% while it is estimated to increase by 21.47% in next year. EPS is likely to grow at an annualized rate of 13.80% for next 5-years, compared to annual growth of 2.37% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on March 08, 2024 offering a Market perform rating for the stock and assigned a target price range of between $1000 and $1400 to it. Coverage by Cantor Fitzgerald stated Broadcom Inc (AVGO) stock as an Overweight in their note to investors on January 23, 2024, suggesting a price target of $1300 for the stock. On January 19, 2024, Goldman Resumed their recommendations, while on December 11, 2023, Citigroup Resumed their ratings for the stock with a price target of $1100. Stock get a Buy rating from Summit Insights on December 08, 2023.
