Let’s start up with the current stock price of Broadcom Inc. (AVGO), which is $335.20 to be very precise. The Stock rose vividly during the last session to $333.32 after opening rate of $327.57 while the lowest price it went was recorded $322.76 before closing at $324.03.
Recently in News on August 10, 2020, Broadcom Announces Completion of Exchange Offer for Senior Notes. – Broadcom Inc. (NASDAQ: AVGO) (“Broadcom” or the “Company”) announced today that it has completed its offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended. You can read further details here
Broadcom Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $335.88 on 08/12/20, with the lowest value was $155.67 for the same time period, recorded on 03/18/20.
Broadcom Inc. (AVGO) full year performance was 17.56%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Broadcom Inc. shares are logging 0.56% during the 52-week period from high price, and 115.32% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $155.67 and $333.32.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 801358 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Broadcom Inc. (AVGO) recorded performance in the market was 2.53%, having the revenues showcasing 20.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 131.61B, as it employees total of 19000 workers.
The Analysts eye on Broadcom Inc. (AVGO)
During the last month, 22 analysts gave the Broadcom Inc. a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 287.31, with a change in the price was noted +143.54. In a similar fashion, Broadcom Inc. posted a movement of +74.67% for the period of last 100 days, recording 2,583,309 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AVGO is recording 1.92 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.88.
Technical rundown of Broadcom Inc. (AVGO)
Raw Stochastic average of Broadcom Inc. in the period of last 50 days is set at 99.71%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 99.61%. In the last 20 days, the company’s Stochastic %K was 84.11% and its Stochastic %D was recorded 82.17%.
Considering, the past performance of Broadcom Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 2.53%. Additionally, trading for the stock in the period of the last six months notably improved by 1.21%, alongside a boost of 17.56% for the period of the last 12 months. The shares increased approximately by -1.33% in the 7-day charts and went down by 4.09% in the period of the last 30 days. Common stock shares were driven by 20.70% during last recorded quarter.