Broadcom Inc [NASDAQ: AVGO] gained 2.60% or 5.61 points to close at $221.27 with a heavy trading volume of 41052122 shares.
The daily chart for AVGO points out that the company has recorded 37.71% gains over the past six months.
If we look at the average trading volume of 31.75M shares, AVGO reached to a volume of 41052122 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Broadcom Inc [AVGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVGO shares is $249.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVGO stock is a recommendation set at 1.51. 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 Broadcom Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 13, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price from $190 to $220. The new note on the price target was released on October 14, 2024, representing the official price target for Broadcom Inc stock. On July 16, 2024, analysts increased their price target for AVGO shares from 175 to 210.
The Average True Range (ATR) for Broadcom Inc is set at 11.62, with the Price to Sales ratio for AVGO stock in the period of the last 12 months amounting to 20.11. The Price to Book ratio for the last quarter was 15.32, with the Price to Cash per share for the same quarter was set at 1.99. Price to Free Cash Flow for AVGO in the course of the last twelve months was 53.42 with Quick ratio for the last quarter at 1.07.
Trading performance analysis for AVGO stock
Broadcom Inc [AVGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.57. With this latest performance, AVGO shares dropped by -6.07% in over the last four-week period, additionally plugging by 37.71% over the last 6 months – not to mention a rise of 83.15% 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 AVGO stock in for the last two-week period is set at 49.96, with the RSI for the last a single of trading hit 48.25, and the three-weeks RSI is set at 51.94 for Broadcom Inc [AVGO]. The present Moving Average for the last 50 days of trading for this stock 207.90, while it was recorded at 210.55 for the last single week of trading, and 170.00 for the last 200 days.
Broadcom Inc [AVGO]: A deeper dive into fundamental analysis
Broadcom Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.17.
Broadcom Inc [AVGO]: An earnings per share (EPS) analysis
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 AVGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Broadcom Inc go to 22.44%.
An analysis of Institutional ownership at Broadcom Inc [AVGO]
There are presently around $78.98%, or 80.62%% of AVGO stock, in the hands of institutional investors. The top three institutional holders of AVGO stocks are: VANGUARD GROUP INC with ownership of 44.82 million shares, which is approximately 9.6389%. BLACKROCK INC., holding 34.2 million shares of the stock with an approximate value of $$54.91 billion in AVGO stocks shares; and BLACKROCK INC., currently with $$36.0 billion in AVGO stock with ownership which is approximately 4.8216%.
