In today’s recent session, 1.89 million shares of the Broadcom Inc (NASDAQ:AVGO) have been traded, and its beta is 1.19. Most recently the company’s share price was $1594.96, and it changed around $14.17 or 0.90% from the last close, which brings the market valuation of the company to $742.44B. AVGO at last check was trading at a discount to its 52-week high of $1851.62, offering almost -16.09% off that amount. The share price’s 52-week low was $795.09, which indicates that the recent value has risen by an impressive 50.15% since then. We note from Broadcom Inc’s average daily trading volume that its 3-month average coming to 3.15 million.
Broadcom Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.53. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 2 recommended AVGO as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight.
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Broadcom Inc (NASDAQ:AVGO) trade information
Instantly AVGO has been showing a green trend so far today with a performance of 0.90% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 42.89% year-to-date, but still down -11.51% over the last five days. On the other hand, Broadcom Inc (NASDAQ:AVGO) is 13.29% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $1575, which translates to bulls needing to decrease their stock price by -1.27% from its current value. Analyst projections state that AVGO is forecast to be at a low of $580 and a high of $2050.
Broadcom Inc (AVGO) estimates and forecasts
Broadcom Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 42.16 percent over the past six months and at a 12.17% annual growth rate that is well above the industry average of -3.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.37%. Broadcom Inc earnings are expected to increase by 12.93% in 2024, but the outlook is positive 17.70% per year for the next five years.
AVGO Dividends
Broadcom Inc’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.28 percent and its annual dividend per share was 20.35. It is important to note, however, that the 1.28% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
