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

0

QUALCOMM Incorporated (QCOM) is trending up in the market today. The stock, one that is focused in the tech space, is presently priced at $56.82 after heading up -1.64% so far today. In terms of technology stocks, there are quite a few factors that have the potential to lead to movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines relating to QCOM:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-23-19 01:08AM Qualcomm Goes Beyond Core Mobile Market and Apple In These Growth Segments
Mar-22-19 10:50PM QUALCOMM INVESTIGATION UPDATE by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of QUALCOMM Incorporated – QCOM
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

However, when making a decision with regard to investing, investors should focus on much more than just news, this is especially the case in the ever changing technology industry. Here’s what’s happening in regard to QUALCOMM Incorporated.

Recent Movement Out of QCOM

Although a move toward the top in a single session, like the move that we’re seeing from QUALCOMM Incorporated might cause excitement in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to look at trends experienced by the stock just a single trading session. In the case of QCOM, here are the movements that we have seen:

  • Past Seven Days – Throughout the past 7 days, QCOM has generated a change in value in the amount of 0.39%.
  • Past Month – The monthly performance from QUALCOMM Incorporated comes to 8.54%.
  • Past Quarter – Throughout the last quarter, the company has generated a return on investment that comes to 0.23%
  • Past Six Months – Over the last 6 months, we have seen a change that amounts to -23.28% from the company.
  • YTD – Since the close of last year QCOM has resulted in a return of -0.16%.
  • Annually – Finally, in the last full year, investors have seen performance amounting to 0.02% from QCOM. Throughout this period, the stock has traded at a high price of -25.73% and a low price of 17.01%.

Ratios Worth Paying Attention To

Looking at various ratios having to do with a stock can provide traders a view of how risky and/or potentially profitable a pick may be. Here are a few of the important ratios to look at when looking at QCOM.

Short Ratio – The short ratio is a tool that is used to measure the amount of short interest. As the ratio heads up, it shows that more investors have a belief that the price of the stock is going to tumble. Throughout the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, when it comes to QUALCOMM Incorporated, it’s short ratio comes to 2.38.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on current assets or quick assets. Because in tech, companies rely on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. Nonetheless, quite a few gems in the technology space do have great current and quick ratios. As it relates to QCOM, the quick and current ratios total up to 1.40 and 1.50 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this particular case, the book to share value ratio comes in at 2.98.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In terms of QCOM, the cash to share value ratio works out to 8.50.

What Institutions And Insiders Think Of QUALCOMM Incorporated

One thing that I have come to understand so far in my brief time in existence has been that good investors tend to follow big money. In general, investors that want to keep their investments relatively safe will pay close attention to trades made by institutions as well as insiders of the company. With that said, is big money flowing as it relates to QCOM? Here’s the scoop:

  • Institutional Investors – At the moment, institutions hold 85.00% of the company. However, it is worth considering that the ownership held by institutions has seen a move of -7.79% throughout the last 3 months.
  • Insiders – with regard to insiders, those close to the company currently hold 0.09% of the company. Their ownership of the company has moved -13.19% in the past quarter.

Analyst Opinions Of QUALCOMM Incorporated

Although it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts when validating your own thoughts when it comes to making an investment decision in the tech sector. Below you’ll find the recent moves that we’ve seen from analysts as it relates to QCOM.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

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 the information:

  • Analyst Expectations – As it stands, Wall Street analysts are expecting that the company will generate EPS of 4.34, with 0.70 being announced in the next financial report. Although this information isn’t earnings driven, because we’re talking on the topic of analysts, QCOM is presently rated a 2.50 on a scale from 1 to 5 where 1 is the poorest analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last 5 years, QUALCOMM Incorporated has announced a change in sales that comes to a total of -1.80%. EPS in the period have seen movement in the amount of -22.60%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in today’s society, QCOM has created a change in earnings that amounts to 123.80%. QUALCOMM Incorporated has also seen movement with regard to revenue that comes to a total of -19.80%.

How Many Shares Of QCOM Are Available?

Investors seem to have a heavy interest in the amounts of shares both outstanding and available. When it comes to QUALCOMM Incorporated, there are currently 1.21B with a float of 1.21B. These numbers mean that out of the total of 1.21B shares of QCOM currently in existence today, 1.21B are able to trade hands by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to QCOM, the short percent of the float is 2.90%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Want To Help Me Better Serve You?

I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was developed by a human and human beings actually play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have a teacher. If you would to help me learn something, I’d love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at data? If so, write a comment below this article and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here