QUALCOMM Incorporated (NASDAQ:QCOM) traded at $126.27 at last check on Monday, Oct 26, making a downturn move of -2.02% on its previous day’s price.
Looking at the stock we see that its previous close was $128.88 and the beta (5Y monthly) reads 1.38 with the day’s price range being $125.74 – 128.67. The company has a 12-month trailing PE ratio of 54.49. In terms of its 52-week price range, QCOM has a high of $132.42 and a low of $58. The company’s stock has gained about 14.88% over that past 30 days.
QUALCOMM has a market cap of $144.85 Billion and is expected to release its quarterly earnings report on November 04, 2020. With its Forward Dividend at 2.6 and a yield of 2.02%, the company’s investors could be anxious for the QCOM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.17, with the EPS growth for the year raised at $3.92 for 2020 and $6.46 for next year. These figures represent 0.11% and at 0.65% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.94 Billion, with a low of $5.88 Billion and a high of $6.17 Billion. The median projection represents growth adding up to 23.6% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $21.1 Billion, or +8.8% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the QCOM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare QUALCOMM (QCOM) stock to its peers. We find that today’s price change of -2.02% and +63.16% over the past 12 months for QCOM competes that of Ericsson ADR (ERIC), which has seen its stock price fall -1.7% in the latest trading session and is +36.57% over the last one year. Another of its peers Motorola Solutions (MSI) has dropped -1.77% today, and is +7.06% up over the past year, while Nokia Corp (NOK) is also down -2.02% yet its price remains in the green at 63.16% over the same period. Ericsson has a P/E ratio of 24.97 compared to QUALCOMM’s 54.49 and Motorola’s 36.44. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -2.13% and -2.54%, respectively, in early deals.
Coming back to QUALCOMM Incorporated (NASDAQ:QCOM), we note that the average 3-month trading volume was 9.11 Million, while that of the preceding 10-day period stands at 4.83 Million. Current shares outstanding are 1.13 Billion.
According to data from Thomson Reuters, insiders hold 0.12% of the company’s shares while institutions hold 79.91%. The data shows that short shares as of September 29, 2020, stood at 15.41 Million at a short ratio of 1.79. This represents a 1.37% Short interest in Shares outstanding on September 29, 2020. Shares short rose in September from the previous month at 13.45 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +46.07% up in year-to-date price movement.