QUALCOMM Incorporated (NASDAQ:QCOM) at last check was buoying at $186.46 on Friday, January 14, with a rise of 1.40% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $183.89 and 5Y monthly beta was reading 1.27 with its price kept floating in the range of $183.285 and $191.58 on the day. Company’s P/E ratio for the trailing 12 months is 23.36. Considering stock’s 52-week price range provides that QCOM hit a high price of $193.58 and saw its price falling to a low level of $122.17 during that period. Over a period of past 1-month, stock came adding 1.05% in its value.
With its current market valuation of $212.28 billion, QUALCOMM Incorporated is set to declare its quarterly results on Feb 02, 2022. QCOM Stock’s Forward Dividend of 2.72 and its yield of 1.48% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $3 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $10.7 for 2022 with estimates of that growing to $11.64 in next year. These estimates are suggesting current year growth of 25.30% for EPS and 8.80% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $10.41 billion. They suggested that in the process company could generate revenue of as low as $10.3 billion which could climb up to $10.6 billion to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $39.58 billion in 2022, which will be 18.30% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review QCOM stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Digging deeper we become aware of the PEG ratio of the QCOM stock which is currently positioned at 0.91. It further provides that stock’s current price level is 1.89% away from its 20-day simple moving average and is 4.53% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.93 while volatility remained at 3.95% over the past week which changes to 3.34% when measuring it over the past month. Beta is valued at 1.26, while measure of average true range or ATR is currently at 6.15.
In comparing QUALCOMM Incorporated (QCOM)’s stock with other industry players reveals that stock’s latest price change of 1.40% and that of 14.32% over the past 12 months is in competing position with that of NVIDIA Corporation (NVDA) which saw its stock price raised by 0.76% in the recent trading and went through an increase of 101.32% in past 12-month trading. QUALCOMM Incorporated has a P/E ratio of 23.36 against that of NVIDIA Corporation’s 82.05. On the other hand, the S&P 500 Index is down -0.56% in the early deals today while the Dow Jones Industrial was dealinglower at -0.89%.
Having a second look at QUALCOMM Incorporated (NASDAQ:QCOM) provides that stock’s average daily trading volume for 3 months was 10.50 million. Number of outstanding shares of the stock stood at 1.13 billion.
The percentage of outstanding shares held by the insiders is 0.14% while it is 74.80% for the institutional holders. Addition of 0.56% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.