Qualcomm, Inc. [NASDAQ: QCOM] slipped around -2.94 points on Friday, while shares priced at $212.53 at the close of the session, down -1.36%.
Compared to the average trading volume of 8.90M shares, QCOM reached a trading volume of 22368327 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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
What do top market gurus 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 $201.57 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 2.00. 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.
TD Cowen have made an estimate for Qualcomm, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 04, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $180 to $245. The new note on the price target was released on May 31, 2024, representing the official price target for Qualcomm, Inc. stock. Previously, the target price had yet another raise to $200, while The Benchmark Company analysts kept a Buy rating on QCOM stock.
The Average True Range (ATR) for Qualcomm, Inc. is set at 6.68, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 6.51. The Price to Book ratio for the last quarter was 9.71, 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 19.36 with Quick ratio for the last quarter at 1.98.
How has QCOM stock performed recently?
Qualcomm, Inc. [QCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.42. With this latest performance, QCOM shares gained by 5.82% in over the last four-week period, additionally plugging by 48.38% over the last 6 months – not to mention a rise of 83.60% 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 56.21, with the RSI for the last a single of trading hit 51.40, and the three-weeks RSI is set at 58.80 for Qualcomm, Inc. [QCOM]. The present Moving Average for the last 50 days of trading for this stock 190.54, while it was recorded at 218.53 for the last single week of trading, and 150.62 for the last 200 days.
Qualcomm, Inc. [QCOM]: Deeper insight into the 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 analysis for Qualcomm, Inc. [QCOM]
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%.
Insider trade positions for Qualcomm, Inc. [QCOM]
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%.
