As of Friday close, QUALCOMM Incorporated’s (NASDAQ:QCOM) stock was up $2.8, moving up 2.36 percent to $121.50. The average number of shares traded per day over the past five days has been 14,760,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.98 fall in that time frame. In the last twenty days, the average volume was 10,173,495, while in the previous 50 days, it was 9,433,036.
Since last month, QCOM stock rose 5.45%. Shares of the company fell to $113.62 on 07/06/23, the lowest level in the past month. A 52-week high of $152.91 was reached on 02/01/23 after having rallying from a 52-week low of $101.47. Since the beginning of this year, QCOM’s stock price has risen by 10.51% or $11.56, and marked a new high 11 times. However, the stock has declined by -20.54% since its 52-week high.
QCOM stock investors should be aware that QUALCOMM Incorporated (QCOM) stock had its last reported insider trading activity 163 days ago on Feb 23. Henderson Jeffrey William, the Director of the company, disposed of 2,500 shares for $124.19 on Feb 23. It resulted in a $310,468 divestment by the insider. Henderson Jeffrey William sold 2,500 shares at an average price of $124.05 on Feb 22. The insider now owns 4,605 shares following the transaction. On Feb 16, Chief Technology Officer THOMPSON JAMES H sold 9,999 shares at $131.80 apiece. The transaction was valued at $1,317,870.
Valuation Metrics
Right now, QUALCOMM Incorporated (QCOM) has a P/E ratio of about 12.93. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 3.20, the price-to-book (PB) ratio of 6.88, and the price-to-cash flow ratio of 37.64 may also be considered.
The latest dividend of $0.80 per share was paid out, remained unchanged from last year’s $0.80.
Financial Health
In the three months ended June 29, QUALCOMM Incorporated’s quick ratio stood at 1.60, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.79, and the total debt-to-equity ratio was 0.81. On the profitability front, the trailing twelve-month gross margin is 56.50% percent. In the year ended June 29, EBITDA margin amounted to 37.47%, whereas operating margins totaled 30.60%. Based on annual data, QCOM earned $25.57 billion in gross profit and brought in $44.2 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 41.20%. Return on equity (ROE) for the past 12 months was 58.10%.
In QUALCOMM Incorporated’s quarter-end financial report for June 29, it reported total debt of $14.53 billion against cash and short-term investments of $2.54 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. QCOM’s revenue fell -29.4% to $9.28 billion during the quarter, while net income inched up to $8.45 billion. While analysts expected QUALCOMM Incorporated to report $1.81 quarterly earnings, the actual figure was $1.87 per share, beating the consensus estimate by 3.30%. During the quarter, the company generated $2.3 billion in EBITDA. The liabilities of QUALCOMM Incorporated were 28.33 billion at the end of its most recent quarter ended June 29, and its total debt was $15.44 billion. The value of shareholders’ equity is $1.12 billion.
Technical Picture
This quick technical analysis looks at QUALCOMM Incorporated’s (QCOM) price momentum. With a historical volatility rate of 52.38%, the RSI 9-day stood at 43.87% on 04 August.
With respect to its five-day moving average, the current QUALCOMM Incorporated price is down by -6.16% percent or -$7.98. At present, QCOM shares trade +4.80% above its 20-day simple moving average and +6.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.32% above its SMA50 and +8.88% above its SMA200.
Stochastic coefficient K was 42.87% and Stochastic coefficient D was 63.66%, while ATR was 4.48. Given the Stochastic reading of 36.56% for the 14-day period, the RSI (14) reading has been calculated as 47.86%. As of today, the MACD Oscillator reading stands at -3.30, while the 14-day reading stands at -2.20.
Analyst Ratings
QUALCOMM Incorporated downgraded its rating on QUALCOMM Incorporated (NASDAQ: QCOM) to a Hold in a note to investors on August 03, 2023. The analysts firm previously had a Buy rating on the stock.QUALCOMM Incorporated (QCOM) has been rated Overweight by analysts. According to 1 brokerage firm, QCOM is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate QUALCOMM Incorporated stock as buy, with 17 recommending it as overweight.
With a median target price of $140.00, the current consensus forecast for the stock is $95.00 – $167.70. Based on these forecasts, analysts predict QUALCOMM Incorporated (QCOM) will achieve an average price target of $137.65.
