It trades for 12.72 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 85.76x price/book and 3.06x price/sales. Compared to others, QUALCOMM Incorporated is in a different league with regards to profitability, having net margins of -21.4%. To put some perspective around this, the industry’s average net margin is 5.34%. QCOM’s ROE is -27.1%, which is considerably worse than the industry’s ROE of 8.18%. It’s very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 17.64.
QUALCOMM Incorporated (NASDAQ:QCOM) is now worth $69.58B thanks to 1.62% gain in recent trade and currently has a price tag of $56.6. The shares traded as low as $55.2101 and had $56.83 an intraday high earlier Friday. Trading activity significantly weakened as the volume at ready counter decreased to 14,139,527 shares versus 15,680,689 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,831,967 shares. The stock is now 16.56% above against its bear-market low of $48.56. Now the market price is down -0.54% YTD.
QCOM’s 50 day simple moving average (SMA 50) price is $58.07 and its 200-day simple moving average (SMA 200) price is $60.5. The company’s stock currently has a total float of 1.21B shares. Its weekly volatility is hovering around 2.67% and felt 2.96% volatility in price over a month. On the upside, the share price will test short term resistance at around $57.22. On a downside, the stock is likely to find some support, which begins at $55.6. The failure to get near-term support could push it to $54.59.
Separately, it has been reported that multiple insider activity took place at QUALCOMM Incorporated (QCOM). EVP & General Counsel Rosenberg Donald J sold 9,048 shares for $22,419 in transaction occurred on 2018/12/13. After making this transaction, the EVP & General Counsel owns a direct stake of 524,874 shares, worth $1,268,915, as per the last closing price. On 2018/12/03 Amon Cristiano R, President at QCOM, dumped 18,323 shares at an average price of $60.23 per share. The selling total is valued at $2,117,972.
EVP & General Counsel, Rosenberg Donald J had divested 6,297 shares for $22,419 through a trade on 2018/11/23. Following this activity, the insider holds 347,720 shares worth $1,268,915 as of recent close.Wall Street’s most bullish QUALCOMM Incorporated (NASDAQ:QCOM) analysts are predicting the share price to blow past $87 per share during the next 12 months. The current median share price forecast by them is $70, suggesting that the stock could increase 23.67% in that time frame. The average price target of $69.3 calls for a nearly 22.44% increase in the stock price.
It had seen a change in price target from analysts at Cowen, who reiterated the stock at Outperform on November 08 but moved PT from $80 to $73. Analysts at Canaccord Genuity, maintained the company shares at Buy on November 08 but switched target price from $86 to $75. Brokerage firm BofA/Merrill, looks cautious as they stick to prior recommendation of Neutral, in a call on November 08. However, they did change the target price from $70 to $67.
Shares of QUALCOMM Incorporated (QCOM) have dropped -10.5% since the company’s Dec-19 earnings report. Over the past 12 fiscal quarters, QUALCOMM Incorporated (NASDAQ:QCOM) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 0 quarters (0%), whereas at 1 occasion EPS met analyst expectations. QCOM last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.9 per share, -89.82% change on the same period last year. That was better than consensus for $0.83. Revenue for the recent quarter stood at $5.83 billion, down -2% on last year and above the $5.53 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.09 billion to $6.35 billion, which should be compared with $6.08 billion generated last year. EPS is seen in a range of $0.85 to $1.43, against the $1.26 reported a year ago.