Qualcomm, Inc (QCOM) concluded trading on Wednesday at a closing price of $170.24, with 7.22 million shares of worth about $1.23 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.68% during that period and on January 22, 2025 the price saw a gain of about 1.78%. Currently the company’s common shares owned by public are about 1.11B shares, out of which, 1.11B shares are available for trading.
Stock saw a price change of 6.71% in past 5 days and over the past one month there was a price change of 11.23%. Year-to-date (YTD), QCOM shares are showing a performance of 10.82% which increased to 12.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $139.26 but also hit the highest price of $230.63 during that period. The average intraday trading volume for Qualcomm, Inc shares is 8.14 million. The stock is currently trading 6.84% above its 20-day simple moving average (SMA20), while that difference is up 6.46% for SMA50 and it goes to -2.95% lower than SMA200.
Qualcomm, Inc (NASDAQ: QCOM) currently have 1.11B outstanding shares and institutions hold larger chunk of about 77.21% of that.
The stock has a current market capitalization of $189.14B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 18.96, while it has posted earnings per share of $8.98 in the same period. Its PEG reads 3.99 and has Quick Ratio of 1.72 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QCOM, volatility over the week remained 2.15% while standing at 2.30% over the month.
Analysts are in expectations that Qualcomm, Inc (QCOM) stock would likely to be making an EPS of 2.96 in the current quarter, while forecast for next quarter EPS is 2.7 and it is 12.21 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.77 which is 3.03 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 2.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.99% while it is estimated to increase by 9.27% in next year. EPS is likely to shrink at an annualized rate of 4.75% for next 5-years, compared to annual growth of 20.08% 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 Barclays on January 17, 2025 offering an Overweight rating for the stock and assigned a target price range of between $200 and $185 to it. Coverage by Melius stated Qualcomm, Inc (QCOM) stock as a Hold in their note to investors on December 09, 2024, suggesting a price target of $180 for the stock. On November 12, 2024, Loop Capital Initiated their recommendations, while on October 16, 2024, Citigroup Reiterated their ratings for the stock with a price target of $185. Stock get a Sector weight rating from KeyBanc Capital Markets on October 08, 2024.
