Qualcomm, Inc (NASDAQ:QCOM) shares, rose in value, with the stock price down by -1.20% to the previous day’s close as strong demand from buyers drove the stock to $146.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $148.34. The PE ratio was 14.92 over 12-month period. Referring to stock’s 52-week performance, its high was $230.63, and the low was $120.80. On the whole, QCOM has fluctuated by -1.28% over the past month.
With the market capitalization of Qualcomm, Inc currently standing at about $160.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.40, with its dividend yield at 2.32%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QCOM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.28, with the price of QCOM currently trading nearly -0.91% and 0.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.22, while the 7-day volatility ratio is showing 1.57% which for the 30-day chart, stands at 2.81%. Furthermore, Qualcomm, Inc (QCOM)’s beta value is 1.27, and its average true range (ATR) is 4.29.
A comparison of Qualcomm, Inc (QCOM) with its peers suggests the former has fared considerably weaker in the market. QCOM showed an intraday change of -1.20% in today’s session so far, and over the past year, it shrunk by -31.22%%.
Data on historical trading for Qualcomm, Inc (NASDAQ:QCOM) indicates that the trading volumes over the past 3 months, they’ve averaged 8.94 million. According to company’s latest data on outstanding shares, there are 1.10 billion shares outstanding.
Nearly 0.13% of Qualcomm, Inc’s shares belong to company insiders and institutional investors own 81.05% of the company’s shares. The stock has fallen by -4.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QCOM stock heading into the next quarter.
