Broadcom Inc (AVGO) concluded trading on Wednesday at a closing price of $1730.44, with 3.99 million shares of worth about $6.91 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.43% during that period and on Wednesday the price saw a gain of about 4.40%. Currently the company’s common shares owned by public are about 465.49M shares, out of which, 456.01M shares are available for trading.
Stock saw a price change of 8.70% in past 5 days and over the past one month there was a price change of 30.91%. Year-to-date (YTD), AVGO shares are showing a performance of 55.02% which increased to 97.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $795.09 but also hit the highest price of $1851.62 during that period. The average intraday trading volume for Broadcom Inc shares is 3.33 million. The stock is currently trading 9.37% above its 20-day simple moving average (SMA20), while that difference is up 20.55% for SMA50 and it goes to 46.67% higher than SMA200.
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Broadcom Inc (NASDAQ: AVGO) currently have 465.49M outstanding shares and institutions hold larger chunk of about 77.85% of that.
The stock has a current market capitalization of $805.50B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 74.45, while it has posted earnings per share of $23.24 in the same period. Its PEG reads 4.21 and has Quick Ratio of 1.16 while making debt-to-equity ratio of 1.06. 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 3.04% while standing at 3.34% over the month.
Stock’s fiscal year EPS is expected to rise by 13.13% while it is estimated to increase by 26.87% in next year. EPS is likely to grow at an annualized rate of 17.70% 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 Citigroup on June 11, 2024 offering a Buy rating for the stock and assigned a target price of $1560 to it. Coverage by Melius stated Broadcom Inc (AVGO) stock as a Buy in their note to investors on June 03, 2024, suggesting a price target of $1850 for the stock. On May 13, 2024, Jefferies Initiated their recommendations, while on April 17, 2024, Barclays Reiterated their ratings for the stock with a price target of $1500. Stock get an Outperform rating from Evercore ISI on April 16, 2024.
