As of Wednesday close, QUALCOMM Incorporated’s (NASDAQ:QCOM) stock was down -$1.5, moving down -1.35 percent to $109.22. The average number of shares traded per day over the past five days has been 7,438,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.42 fall in that time frame. In the last twenty days, the average volume was 8,455,650, while in the previous 50 days, it was 8,811,016.
Since last month, QCOM stock retreated -1.32%. Shares of the company fell to $105.51 on 09/08/23, the lowest level in the past month. A 52-week high of $139.94 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 dropped by -0.65% or -$0.72, and marked a new high 11 times. However, the stock has declined by -21.95% since its 52-week high.
QCOM stock investors should be aware that QUALCOMM Incorporated (QCOM) stock had its last reported insider trading activity 8 days ago on Sep 13. THOMPSON JAMES H, the Chief Technology Officer of the company, disposed of 27,962 shares for $113.23 on Sep 13. It resulted in a $3,166,098 divestment by the insider. CATHEY JAMES J sold 1,000 shares at an average price of $111.27 on Sep 11. The insider now owns 5,745 shares following the transaction. On Aug 17, SVP, Finance and CAO MARTIN NEIL sold 4,752 shares at $110.19 apiece. The transaction was valued at $523,623.
Valuation Metrics
Right now, QUALCOMM Incorporated (QCOM) has a P/E ratio of about 14.27. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 3.18, the price-to-book (PB) ratio of 5.89, and the price-to-cash flow ratio of 17.90 may also be considered.
The latest dividend of $0.80 per share was paid out, remained unchanged from last year’s $0.80. On Thursday March 30 2023, a $0.05 dividend increase was announced.
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 0.70, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 56.30% percent. In the year ended June 29, EBITDA margin amounted to 37.47%, whereas operating margins totaled 25.70%. 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 44.60%.
In QUALCOMM Incorporated’s quarter-end financial report for June 29, it reported total debt of $14.53 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 25.65%, the RSI 9-day stood at 39.85% on 20 September.
With respect to its five-day moving average, the current QUALCOMM Incorporated price is down by -3.04% percent or -$3.42. At present, QCOM shares trade -0.23% below its 20-day simple moving average and -4.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.55% below its SMA50 and -13.87% below its SMA200.
Stochastic coefficient K was 46.64% and Stochastic coefficient D was 57.37%, while ATR was 2.87. Given the Stochastic reading of 32.12% for the 14-day period, the RSI (14) reading has been calculated as 41.91%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -1.08.
Analyst Ratings
QUALCOMM Incorporated downgraded its rating on QUALCOMM Incorporated (NASDAQ: QCOM) to an Outperform in a note to investors on August 09, 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 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 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 $100.00 – $167.70. Based on these forecasts, analysts predict QUALCOMM Incorporated (QCOM) will achieve an average price target of $138.29.
