QUALCOMM Incorporated (QCOM) Stock: Seeing Declines In Today’s Session

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QUALCOMM Incorporated (QCOM) is falling in the market today. The company, one that is focused in the tech industry, is currently trading at $56.82 after falling -1.64% so far in today’s session. When it comes to tech stocks, there are a number of factors that have the potential to generate declines in the market. One of the most common is news. Here are the most recent trending headlines relating to QCOM:

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Mar-22-19 06:23PM Qualcomm Goes Beyond Core Mobile Market and Apple In These Growth Segments
10:54AM Telecom Stock Roundup: Verizon to Launch 5G, Qualcomm’s U.S. Verdict & More
07:00AM Macquarie Group Bought Up Qualcomm Stock and Sold Intel, AMD, Nvidia, Micron
Mar-21-19 09:29AM Qualcomm Offers AI-Enabled Chips for Smarter Audio Apps
Mar-20-19 11:12PM South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

Nonetheless, when making a decision with regard to investing, investors should take a look at far more than news, especially in the ever changing technology sector. Here’s what’s happening in regard to QUALCOMM Incorporated.

How QCOM Has Been Trending

Although a move down in a single session, like the fall that we’re seeing from QUALCOMM Incorporated may make some investors fearful, a single session fall by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to take a look at trends experienced by the stock for a period longer than a single trading session. In the case of QCOM, below are the returns that we have seen:

  • Past 5 Sessions – Throughout the last 7 days, QCOM has produced a change in price in the amount of 0.39%.
  • Past 30 Days – The monthly ROI from QUALCOMM Incorporated comes to 8.54%.
  • Past 3 Months – Over the past three months, the company has generated a ROI of 0.23%
  • Bi-Annually – Over the past 6 months, investors have seen a performance of -23.28% from the company.
  • This Year So Far – Since the the first trading session of this year QCOM has produced a return of -0.16%.
  • Full Year – Lastly, over the last year, investors have seen performance in the amount of 0.02% from QCOM. Throughout this period, the stock has traded at a high price of -25.73% and a low of 17.01%.

Ratios To Watch

Digging into a few key ratios associated with a company can give investors a view of just how dangerous and/or rewarding a stock pick may be. Below are some of the most important ratios to consider when digging into QCOM.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, with regard to QUALCOMM Incorporated, the stock’s short ratio is 2.38.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure If a company is able to cover its debts when they come due using quick assets or current assets. Because in tech, companies rely heavily on continued investor support as they work to bring new technologies to market, the current and quick ratios can look bad. Nonetheless, some good picks in the technology space come with strong quick and current ratios. In terms of QCOM, the quick and current ratios work out to 1.40 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. when it comes to QUALCOMM Incorporated, that ratio equates to 2.98.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value comes to 8.50.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in QCOM, here’s what we’re seeing:

Institutions own 85.00% of the company. Institutional interest has moved by -7.79% over the past three months. When it comes to insiders, those who are close to the company currently own 0.09% percent of QCOM shares. Institutions have seen ownership changes of an accumulative -13.19% over the last three months.

Analyst Opinions With Regard To QUALCOMM Incorporated

While it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence before making an investment decision in the technology space. Below you’ll find the most recent moves that we’ve seen from analysts as it relates to QCOM.

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Jan-31-19 Reiterated UBS Neutral $64 → $55
Jan-31-19 Reiterated Susquehanna Positive $75 → $65
Jan-31-19 Reiterated Mizuho Buy $66 → $62
Jan-31-19 Reiterated Cowen Outperform $73 → $70
Jan-31-19 Reiterated Citigroup Neutral $62 → $55

Earnings

What have ween seen from QCOM in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, analysts are expecting that QUALCOMM Incorporated will create EPS in the amount of 4.34, with 0.70 being reported in the next financial report. Although this data isn’t based on earnings, since we’re chatting on the topic of analysts, QUALCOMM Incorporated is presently rated a 2.50 when rated on a scale from 1 to 5 where 1 is the worst possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, QUALCOMM Incorporated has announced a change in sales volume that comes to a total of -1.80%. Earnings per share through the last 5 years have generated movement in the amount of -22.60%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally represented in the world of humans, the company has seen a change in earnings that amounts to 123.80%. The company has also experienced movement when it comes to sales volume that amounts to -19.80%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 1.21B shares of QUALCOMM Incorporated outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, QCOM has a float of 1.21B.

I also like to pay attention to the short percent. After all, when a high portion of the float is shorted, the overall feeling among traders is that the equity is going to fall hard. With regard to QCOM, the percentage of the float that is shorted is 2.90%. Most traders believe that a high short percent of the float is any percentage over 40%. Through my work, I’ve seen that any short ratio over 26% is probably going to be a a play that could prove to be very risky.

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