In Monday’s Wall Street session, Broadcom Inc (NASDAQ:AVGO) shares traded at $178.36, down -1.97% from the previous session.
AVGO stock price is now -9.19% away from the 50-day moving average and -3.02% away from the 200-day moving average. The market capitalization of the company currently stands at $838.64B.
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With the price target maintained at $225, Daiwa Securities recently Upgraded its rating from Outperform to Buy for Broadcom Inc (NASDAQ: AVGO). On December 13, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $210 to quote $240, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, PAGE JUSTINE, Director bought 800 shares of the company’s stock on Apr 14 ’25. The stock was bought for $148,000 at an average price of $185.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’25, Officer Brazeal Mark David bought 25,000 shares of the business’s stock. A total of $4,500,000 was incurred on buying the stock at an average price of $180.00. A total of 1.99% of the company’s stock is owned by insiders.
During the past 12 months, Broadcom Inc has had a low of $119.76 and a high of $251.88. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.00, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $102684958720, which is based on a 86.03 price-to-earnings ratio, a 3.71 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for AVGO is $196.4112 and a two-hundred day moving average price translates $183.92159 for the stock.
The latest earnings results from Broadcom Inc (NASDAQ: AVGO) was released for 2021-08-01. The net profit margin was 18.47% and return on equity was 14.85% for AVGO. The company reported revenue of $14.92 billion for the quarter, compared to $11.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.71 percent. For the current quarter, analysts expect AVGO to generate $14.95B in revenue.
