Broadcom Inc (AVGO) touched a new high 1 time within the past 5 days.

Broadcom Inc (NASDAQ:AVGO) saw a downside of -1.59% to $820.66 after subtracting -$13.23 on Tuesday. The 5-day average trading volume is 2,330,864 shares of the company’s common stock. It has gained $849.99 in the past week and touched a new high 1 time within the past 5 days. An average of 2,633,431 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,381,678.

AVGO’s 1-month performance is -3.66% or -$31.66 on its low of $795.09 reached on 09/21/23. The company’s shares have touched a 52-week low of $415.07 and high of $923.67, with the stock’s rally to the 52-week high happening on 08/31/23. YTD, AVGO has achieved 46.78% or $261.03 and has reached a new high 21 times. However, the current price is down -11.15% from the 52-week high price.

Insider Transactions

AVGO stock investors last saw insider trading activity on Sep 15.HARTENSTEIN EDDY W (Director) most recently sold 1,500 shares at $855.68 per share on Sep 12. This transaction cost the insider $1,283,521. CFO & Chief Accounting Officer, Spears Kirsten M., sold 6,000 shares at a price of $797.82 on Jun 08. Then, on Jun 08, President, Semi Solutions Grp Kawwas Charlie B sold 1,645 shares at a price of $801.33 per share. This transaction amounted to $1,318,188.

Valuation Metrics

AVGO stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.55 while the price-to-book (PB) in the most recent quarter is 15.35, with the price to cash flow ratio at 19.50.

Broadcom Inc’s quick ratio for the period ended July 30 was 2.25, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.73, while the total debt to equity was 1.78. In terms of profitability, the gross margin trailing 12 months is 64.34%. The trailing 12-month EBITDA margin is 58.04% while for the period ending July 30, Broadcom Inc’s operating margin was 45.84%. The firm’s gross profit as reported stood at $22.09 billion against revenue of $33.2 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.2% to $3.3 billion, while revenue of $3.48 billion was -5.39% off the previous quarter. Analysts expected AVGO to announce $10.42 per share in earnings in its latest quarter, but it posted $10.54, representing a 1.20% surprise. EBITDA for the quarter stood at more than $4.79 billion. AVGO stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 49.52 billion, with total debt at $39.34 billion. Shareholders hold equity totaling $412.74 million.

Let’s look briefly at Broadcom Inc (AVGO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 38.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.85%.

The stock’s 5-day moving average is $824.41, reflecting a -3.42% or -$29.04 change from its current price. AVGO is currently trading -4.75% above its 20-day SMA, +33.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.91% and SMA200 by+58.18%.

Stochastic %K and %D was 38.85% and 29.57% and the average true range (ATR) pointed at 21.68. The RSI (14) points at 41.08%, while the 14-day stochastic is at 30.73% with the period’s ATR at 22.46. The stock’s 9-day MACD Oscillator is pointing at -10.58 and -16.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Broadcom Inc (NASDAQ: AVGO), TD Cowen reiterated its a Market perform rating for the company but lifted their price target by $800 to $900. Analysts offering their rating for AVGO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AVGO as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 4 rates the stock as overweight while 20 have offered a “buy” rating.

What is AVGO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $900.00 and a high of $1050.00, with their median price target at $997.50. Looking at these predictions, the average price target given by analysts is for Broadcom Inc (AVGO) stock is $981.41.

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