Broadcom Inc (NASDAQ:AVGO) shares, rose in value, with the stock price down by -1.28% to the previous day’s close as strong demand from buyers drove the stock to $232.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $235.80, falling within a range of $228.9 and $234.88. The value of beta (5-year monthly) is 1.187 whereas the PE ratio is 190.94 over 12-month period. Referring to stock’s 52-week performance, its high was $251.88, and the low was $119.76. On the whole, AVGO has fluctuated by 2.10% over the past month.
With the market capitalization of Broadcom Inc currently standing at about $1091.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 2.17, with its dividend yield at 0.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 61.29B, with a low estimate of 13.92B and a high estimate of 14.87B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14.62B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AVGO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 8.29, with the price of AVGO currently trading nearly 2.10% and 5.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.72, while the 7-day volatility ratio is showing 3.59% which for the 30-day chart, stands at 3.84%. Furthermore, Broadcom Inc (AVGO)’s beta value is 1.01, and its average true range (ATR) is 9.98.
A comparison of Broadcom Inc (AVGO) with its peers suggests the former has fared considerably weaker in the market. AVGO showed an intraday change of -1.28% in today’s session so far, and over the past year, it grew by 85.98%%.
Data on historical trading for Broadcom Inc (NASDAQ:AVGO) indicates that the trading volumes over the past 10 days have averaged 24.16 and over the past 3 months, they’ve averaged 32.79 million. According to company’s latest data on outstanding shares, there are 4.69 billion shares outstanding.
Nearly 2.41% of Broadcom Inc’s shares belong to company insiders and institutional investors own 77.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 66.38 million shares as on 2024-11-29, resulting in a short ratio of 3.55. According to the data, the short interest in Broadcom Inc (AVGO) stood at 164.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 67.68 million. The stock has risen by 0.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AVGO stock heading into the next quarter.
