With 110.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 23.71 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $251.87 whereas the lowest price it dropped to was $230.81. The 52-week range on AVGO shows that it touched its highest point at $228.70 and its lowest point at $104.15 during that stretch. It currently has a 1-year price target of $227.04. With its current market cap of 1452.93 billion, AVGO has annualized dividend of $16.28 while the current yield stands at 6.51%. Beta for the stock currently stands at 1.13.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVGO was up-trending over the past week, with a rise of 39.71%, but this was up by 46.73% over a month. Three-month performance surged to 53.87% while six-month performance rose 36.70%. The stock gained 125.94% in the past year, while it has gained 123.96% so far this year. A look at the trailing 12-month EPS for AVGO yields 1.22 with Next year EPS estimates of 7.61. For the next quarter, that number is 1.51. This implies an EPS growth rate of 29.88% for this year and 20.33% for next year. EPS is expected to grow by 21.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.84%.
Float and Shares Shorts:
At present, 4.67 billion AVGO shares are outstanding with a float of 4.58 billion shares on hand for trading. On 2024-11-29, short shares totaled 66.38 million, which was 141.99999 higher than short shares on 1730332800. In addition to Mr. Hock E. Tan as the firm’s President, CEO & Executive Director, Ms. Kirsten M. Spears serves as its CFO & Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 0.78977996 of AVGO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2021-08-01, AVGO reported revenue of $13072000000.0 and operating income of $4091000000.0. The EBITDA in the recently reported quarter was $6697000000.0 and diluted EPS was -$0.4.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVGO since 27 analysts follow the stock currently. There are 26 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AVGO analysts setting a high price target of 260.0 and a low target of 156.21, the average target price over the next 12 months is 223.76263. Based on these targets, AVGO could surge 4.0% to reach the target high and fall by -37.52% to reach the target low. Reaching the average price target will result in a decline of -10.49% from current levels.
Analysts have provided yearly estimates in a range of $4.84576 being high and $4.7957 being low. For AVGO, this leads to a yearly average estimate of $4.83575. Based on analyst estimates, the high estimate for the next quarter is $1.6 and the low estimate is $1.28. The average estimate for the next quarter is thus $1.48.
