Qualcomm, Inc. [NASDAQ: QCOM] closed the trading session at $175.30.
The stocks have a year to date performance of 21.21 percent and weekly performance of 1.04 percent. The stock has been moved at 7.49 percent over the last six months. The stock has performed 6.89 percent around the most recent 30 days and changed -14.09 percent over the most recent 3-months.
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If compared to the average trading volume of 10.02M shares, QCOM reached to a volume of 11105612 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 $219.06 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.
Wolfe Research have made an estimate for Qualcomm, Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on August 12, 2024. The new note on the price target was released on August 02, 2024, representing the official price target for Qualcomm, Inc. stock. Previously, the target price had yet another raise to $200, while HSBC Securities analysts kept a Hold rating on QCOM stock. On June 04, 2024, analysts increased their price target for QCOM shares from 200 to 235.
The Average True Range (ATR) for Qualcomm, Inc. is set at 6.61, with the Price to Sales ratio for QCOM stock in the period of the last 12 months amounting to 5.23. The Price to Book ratio for the last quarter was 7.93, with the Price to Cash per share for the same quarter was set at 11.70. Price to Free Cash Flow for QCOM in the course of the last twelve months was 15.54 with Quick ratio for the last quarter at 1.78.
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 1.04. With this latest performance, QCOM shares gained by 6.89% in over the last four-week period, additionally plugging by 7.49% over the last 6 months – not to mention a rise of 54.76% 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 50.98, with the RSI for the last a single of trading hit 55.21, and the three-weeks RSI is set at 48.81 for Qualcomm, Inc. [QCOM]. The present Moving Average for the last 50 days of trading for this stock 183.50, while it was recorded at 172.01 for the last single week of trading, and 168.04 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 1.78 and a Current Ratio set at 2.39.
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 10.96%.
Qualcomm, Inc. [QCOM]: Institutional Ownership
There are presently around $80.50%, or 80.60%% of QCOM stock, in the hands of institutional investors. The top three institutional holders of QCOM stocks are: VANGUARD GROUP INC with ownership of 112.07 million shares, which is approximately 10.0332%. BLACKROCK INC., holding 95.88 million shares of the stock with an approximate value of $$19.1 billion in QCOM stocks shares; and BLACKROCK INC., currently with $$10.11 billion in QCOM stock with ownership which is approximately 4.543%.
