AVGO: Riding the Market Waves of Growth and Decline in 2023


The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 28.66%.However, over the last six months, we can see a weaker performance of 51.67%. Over the last 30 days, the price of AVGO has fallen by 8.06%. And in the last five days, it has surged by 8.36%.

Broadcom Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $1438.17 on 05/15/24 and the lowest value was $628.47 on 05/16/23.

52-week price history of AVGO Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Broadcom Inc’s current trading price is -0.14% away from its 52-week high, while its distance from the 52-week low is 128.52%. The stock’s price range during this period has varied between$628.47 and $1438.17. The Broadcom Inc’s shares, which operate in the Technology, saw a trading volume of around 3.24 million for the day, a figure considerably higher than their average daily volume of 2.85 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Broadcom Inc (AVGO) has experienced a quarterly rise of 13.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 665.55B and boasts a workforce of 20000 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 1,256.38, with a change in price of +325.79. Similarly, Broadcom Inc recorded 2,762,254 in trading volume during the last 100 days, posting a change of +29.34%.

AVGO’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for AVGO stands at 1.08. Similarly, the long-term debt-to-equity ratio is also 1.05.

AVGO Stock Stochastic Average

Broadcom Inc’s raw stochastic average for the past 50 days is presently 98.85%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.85%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 94.93% and 86.37%, respectively.

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