Currently, there are 4.67B common shares owned by the public and among those 4.58B shares have been available to trade.
The company’s stock has a 5-day price change of -0.88% and 11.69% over the past three months. AVGO shares are trading 61.16% year to date (YTD), with the 12-month market performance up to 102.80% higher. It has a 12-month low price of $81.83 and touched a high of $186.42 over the same period. AVGO has an average intraday trading volume of 27.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.67%, 8.22%, and 24.38% respectively.
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Institutional ownership of Broadcom Inc (NASDAQ: AVGO) shares accounts for 77.69% of the company’s 4.67B shares outstanding.
It has a market capitalization of $840.19B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 156.59, while the earnings-per-share (ttm) stands at $1.15. The company has a PEG of 7.88 and a Quick Ratio of 0.94 with the debt-to-equity ratio at 1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 3.07% over the month.
Earnings per share for the fiscal year are expected to increase by 14.50%, and 27.90% over the next financial year. EPS should grow at an annualized rate of 19.88% over the next five years, compared to 2.37% over the past 5-year period.
Looking at the support for the AVGO, a number of firms have released research notes about the stock. Mizuho stated their Outperform rating for the stock in a research note on October 14, 2024, with the firm’s price target at $190-$220. TD Cowen was of a view on July 16, 2024 that the stock is Buy, while Rosenblatt gave the stock Buy rating on July 11, 2024, issuing a price target of $1650- $2400. Citigroup on their part issued Buy rating on June 11, 2024.
