In today’s recent session, 2.46 million shares of the Broadcom Inc (NASDAQ:AVGO) have been traded, and its beta is 1.06. Most recently the company’s share price was $200.94, and it changed around $0.85 or 0.42% from the last close, which brings the market valuation of the company to $944.81B. AVGO at last check was trading at a discount to its 52-week high of $251.88, offering almost -25.35% off that amount. The share price’s 52-week low was $128.50, which indicates that the recent value has risen by an impressive 36.05% since then.
Broadcom Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.42. If we narrow it down even further, the data shows that 0 out of 41 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 5 recommended AVGO as a Hold, whereas 29 deemed it a Buy, and 0 rated it as Underweight. Broadcom Inc is expected to report earnings per share of 1.57 for the current quarter.
Broadcom Inc (NASDAQ:AVGO) trade information
Instantly AVGO has been showing a green trend so far today with a performance of 0.42% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 205.68 on recent trading dayincreased the stock’s daily price by 2.3%. The company’s shares are currently down -13.33% year-to-date, but still up 4.40% over the last five days. On the other hand, Broadcom Inc (NASDAQ:AVGO) is 30.36% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $250, which translates to bulls needing to increase their stock price by 19.62% from its current value. Analyst projections state that AVGO is forecast to be at a low of $215 and a high of $267.
Broadcom Inc (AVGO) estimates and forecasts
The year-over-year growth rate is expected to be 21.40%, up from the previous year.
Consensus estimates provided by 29 financial analysts predict the company will bring in an average of 14.98B in revenue for the current quarter. 27 analysts expect Broadcom Inc to make 15.8B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 12.49B and 13.07B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.97%. Forecasts for the next quarter put sales growth at 20.87%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.91%. Broadcom Inc earnings are expected to increase by 35.81% in 2025, but the outlook is positive 23.17% per year for the next five years.
AVGO Dividends
Broadcom Inc’s next quarterly earnings report is expected to be released in June. The annual dividend yield of the stock is 1.11 percent and its annual dividend per share was 2.23. It is important to note, however, that the 1.11% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
BLACKROCK INC., with 7.3344% or 34.2 million shares worth $54.91 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
