Broadcom Inc. (AVGO) Stock: Seeing Declines In Today’s Session


Broadcom Inc. (AVGO) is trending down in the market today. The company, one that is focused in the technology sector, is currently priced at $272.13 after a move down of -5.39% so far in today’s session. When it comes to technology stocks, there are a number of factors that have the ability to lead to declines in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines associated with AVGO:

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Aug-23-19 04:47PM Apple, Silicon Valley chip stocks hammered after Trump’s ‘shot across the bow’
11:46AM Chipmakers and Apple Tumble as Tariff Uncertainty Spikes
Aug-22-19 05:45PM Broadcom Inc. (AVGO) Gains As Market Dips: What You Should Know
09:40AM The Battle for 5G Supremacy
09:28AM Mind the Huawei Risk When It Comes to the MU Stock Price

Nonetheless, any time investors are making a decision to invest, prospective investors should focus on much more than just news, this is especially the case in the ever changing tech space. Here’s what’s happening in regard to Broadcom Inc..

Recent Movement Out of AVGO

Although a move toward the top in a single session, like the fall that we’re seeing from Broadcom Inc. may cause fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, buy a company’s stock. It is always smart to look at trends for a period longer than a single trading session. In the case of AVGO, here are the returns that investors have experienced:

  • Past Seven Days – In the past five trading sessions, AVGO has produced a change in price that amounts to -0.60%.
  • Past 30 Days – The return from Broadcom Inc. over the last month comes to -9.41%.
  • Past 3 Months – Throughout the last 3 months, the company has produced a ROI of 6.33%
  • Past 6 Months – In the past 6 months, we’ve seen a change that works out to -2.32% from the stock.
  • This Year So Far – Since the the first trading session of this year AVGO has generated a ROI of 7.02%.
  • Annually – Lastly, throughout the past full year, we’ve seen performance of 31.12% from AVGO. In this period of time, the stock has sold at a high price of -15.80% and a low price of 32.95%.

Ratios Worth Paying Attention To

Digging into various key ratios having to do with a stock can give prospective traders an understanding of how dangerous and/or potentially profitable a pick might be. Here are some of the important ratios to look at when digging into AVGO.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. As the ratio climbs, it shows that more investors have a belief that the value of the stock is headed for declines. In general, strong technology stocks tend to come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Broadcom Inc., it’s short ratio is 2.20.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts as they mature using current assets or quick assets. Because in tech, several companies are heavily reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. However, some better companies in the tech industry do have good quick and current ratios. In terms of AVGO, the quick and current ratios come to 1.10 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this case, that ratio comes in at 55.85.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value comes to 0.

Big Money And Broadcom Inc.

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 AVGO, here’s what we’re seeing:

Institutions own 87.30% of the company. Institutional interest has moved by 0.90% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of AVGO shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Say About Broadcom Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own thoughts when it comes to making an investment decision in the technology space. Below you’ll find the recent moves that we’ve seen from analysts as it relates to AVGO.

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Aug-15-19 Downgrade Daiwa Securities Buy → Neutral
Jul-23-19 Resumed RBC Capital Mkts Outperform $320
Jun-14-19 Reiterated Craig Hallum Buy $325 → $315
Jun-14-19 Reiterated Cowen Market Perform $280 → $265
Jun-14-19 Downgrade Charter Equity Buy → Mkt Perform

What We’ve Seen In Financial Results

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

  • Analyst Expectations – As it stands, Wall St. analysts expect that AVGO will report earnings per diluted share that comes to 23.56, with 5.13 to be reported in the report for the current quarter. Although this isn’t tide to earnings, since we’re chatting about Wall St. analysts, Broadcom Inc. is currently graded as a 2.00 on a scale from 1 to 5 where 1 is the poorest possible analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past half decade, Broadcom Inc. has created a movement in revenue that adds up to 52.60%. EPS over the last half decade have generated a change of 39.60%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally explained in the world of humans, AVGO has experienced a change in earnings that comes to a total of -67.00%. Broadcom Inc. has also seen movement when it comes to sales volume that amounts to 10.00%.

How Many Shares Of AVGO Are Available?

Traders and investors seem to have a heavy interest in the counts of shares both available and outstanding. When it comes to Broadcom Inc., currently there are 390.60M and there is a float of 387.06M. These data mean that of the total of 390.60M shares of AVGO currently in existence today, 387.06M are available to trade hands in the public space.

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 AVGO, the short percent of the float is 1.61%.

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