QUALCOMM Incorporated [NASDAQ: QCOM] price plunged by -0.74 percent to reach at -$0.92. The company report on February 24, 2023 that Collaborating for Impact: Lessons Learned From Years of Partnership With Qualcomm® Wireless Reach™.
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A sum of 7772627 shares traded at recent session while its average daily volume was at 7.80M shares. QUALCOMM Incorporated shares reached a high of $126.60 and dropped to a low of $123.04 until finishing in the latest session at $123.42.
The one-year QCOM stock forecast points to a potential upside of 18.63. The average equity rating for QCOM stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on QUALCOMM Incorporated [QCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QCOM shares is $151.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QCOM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for QUALCOMM Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 23, 2023. The new note on the price target was released on December 12, 2022, representing the official price target for QUALCOMM Incorporated stock. Previously, the target price had yet another raise to $150, while Credit Suisse analysts kept a Outperform rating on QCOM stock.
The Average True Range (ATR) for QUALCOMM Incorporated is set at 3.88, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 3.25. The Price to Book ratio for the last quarter was 7.36, with the Price to Cash per share for the same quarter was set at 7.28. Price to Free Cash Flow for QCOM in the course of the last twelve months was 29.29 with Quick ratio for the last quarter at 1.40.
QCOM Stock Performance Analysis:
QUALCOMM Incorporated [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.37. With this latest performance, QCOM shares dropped by -7.87% in over the last four-week period, additionally sinking by -15.61% over the last 6 months – not to mention a drop of -26.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QCOM stock in for the last two-week period is set at 43.10, with the RSI for the last a single of trading hit 36.85, and the three-weeks RSI is set at 46.72 for QUALCOMM Incorporated [QCOM]. The present Moving Average for the last 50 days of trading for this stock 122.79, while it was recorded at 124.32 for the last single week of trading, and 127.94 for the last 200 days.
Insight into QUALCOMM Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and QUALCOMM Incorporated [QCOM] shares currently have an operating margin of +33.49 and a Gross Margin at +57.84. QUALCOMM Incorporated’s Net Margin is presently recorded at +29.38.
Return on Equity for this stock inclined to 92.88, with Return on Assets sitting at 28.78.
QUALCOMM Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.
QCOM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QCOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for QUALCOMM Incorporated go to -7.24%.
QUALCOMM Incorporated [QCOM] Insider Position Details
There are presently around $101,586 million, or 74.10% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 109,998,670, which is approximately 1.335% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 84,332,554 shares of the stock with an approximate value of $10.41 billion in QCOM stocks shares; and STATE STREET CORP, currently with $5.84 billion in QCOM stock with ownership of nearly -0.546% of the company’s market capitalization.
1,120 institutional holders increased their position in QUALCOMM Incorporated [NASDAQ:QCOM] by around 51,819,798 shares. Additionally, 1,169 investors decreased positions by around 44,886,293 shares, while 245 investors held positions by with 726,388,558 shares. The mentioned changes placed institutional holdings at 823,094,649 shares, according to the latest SEC report filing. QCOM stock had 221 new institutional investments in for a total of 4,894,869 shares, while 166 institutional investors sold positions of 5,691,250 shares during the same period.