Qualcomm, Inc. [NASDAQ: QCOM] plunged by -$0.75 during the normal trading session on while it closed the day at $204.05.
Qualcomm, Inc. stock has also gained 1.14% of its value over the past 7 days. However, QCOM stock has inclined by 25.11% in the 3 months of the year. Over the past six months meanwhile, it has gained 59.53% and gained 41.08% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for QCOM stock reached $227.72 billion, with 1.11 billion shares outstanding and 1.11 billion shares in the current float. Compared to the average trading volume of 8.67M shares, QCOM reached a trading volume of 14640223 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Qualcomm, Inc. [QCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QCOM shares is $197.93 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 1.97. 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.
BofA Securities have made an estimate for Qualcomm, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 31, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on April 23, 2024, representing the official price target for Qualcomm, Inc. stock. Previously, the target price had yet another raise to $177, while Evercore ISI analysts kept a In-line rating on QCOM stock. On February 01, 2024, analysts increased their price target for QCOM shares from 160 to 170.
The Average True Range (ATR) for Qualcomm, Inc. is set at 5.85, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 6.26. The Price to Book ratio for the last quarter was 9.32, with the Price to Cash per share for the same quarter was set at 12.41. Price to Free Cash Flow for QCOM in the course of the last twelve months was 18.58 with Quick ratio for the last quarter at 1.98.
QCOM stock trade performance evaluation
Qualcomm, Inc. [QCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.14. With this latest performance, QCOM shares gained by 24.34% in over the last four-week period, additionally plugging by 59.53% over the last 6 months – not to mention a rise of 79.92% 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 66.43, with the RSI for the last a single of trading hit 63.71, and the three-weeks RSI is set at 66.36 for Qualcomm, Inc. [QCOM]. The present Moving Average for the last 50 days of trading for this stock 178.74, while it was recorded at 208.11 for the last single week of trading, and 143.54 for the last 200 days.
Qualcomm, Inc. [QCOM]: An insightful look at the core fundamentals
Qualcomm, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.98 and a Current Ratio set at 2.65.
Earnings per share (EPS) analysis for Qualcomm, Inc. [QCOM] stock
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, Inc. go to 11.29%.
Qualcomm, Inc. [QCOM]: Institutional Ownership
The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in QCOM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in QCOM stock with ownership which is approximately 5.8386%.