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Broadcom Inc (AVGO) Stock Could Soon Reward Patient Investors

Broadcom Inc (NASDAQ: AVGO) is 55.28% higher on its value in year-to-date trading and has touched a low of $795.09 and a high of $1851.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVGO stock was last observed hovering at around $1745.86 in the last trading session, with the day’s loss setting it -12.55%.

Currently trading at $1733.31, the stock is 6.09% and 18.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.78 million and changing -0.72% at the moment leaves the stock 45.29% off its SMA200. AVGO registered 104.70% gain for a year compared to 6-month gain of 65.19%.

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The stock witnessed a 23.70% loss in the last 1 month and extending the period to 3 months gives it a 29.73%, and is 5.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.43% over the week and 3.39% over the month.

Broadcom Inc (AVGO) has around 20000 employees, a market worth around $806.84B and $42.62B in sales. Current P/E ratio is 74.57 and Fwd P/E is 28.45. Profit margin for the company is 24.10%. Distance from 52-week low is 118.00% and -6.39% from its 52-week high. The company has generated returns on investments over the last 12 months (7.26%).

The EPS is expected to grow by 13.31% this year.

Broadcom Inc (AVGO) Top Institutional Holders

The shares outstanding are 465.49M, and float is at 456.00M with Short Float at 1.27%.

Broadcom Inc (AVGO) Insider Activity

The most recent transaction is an insider sale by PAGE JUSTINE,the company’sDirector. SEC filings show that PAGE JUSTINE sold 254 shares of the company’s common stock on Jun 20 ’24 at a price of $1750.26 per share for a total of $0.44 million. Following the sale, the insider now owns 2748.0 shares.

Broadcom Inc disclosed in a document filed with the SEC on Jun 17 ’24 that Kawwas Charlie B (President, Semi Solutions Grp) sold a total of 2,520 shares of the company’s common stock. The trade occurred on Jun 17 ’24 and was made at $1830.95 per share for $4.61 million. Following the transaction, the insider now directly holds 77848.0 shares of the AVGO stock.

Still, SEC filings show that on Jun 17 ’24, PAGE JUSTINE (Director) disposed off 312 shares at an average price of $1800.00 for $0.56 million. The insider now directly holds 3,002 shares of Broadcom Inc (AVGO).

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