The leading market experts have placed a mean price target of $202.34 on Avago Technologies Limited (NASDAQ:AVGO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $3.17 a share for the upcoming quarter and $11.25 for the current fiscal.
The technical analysis of Broadcom Limited plainly substantiates that the 50-day moving average of Broadcom Limited is $170.29, and stock is trading $-9.51 points away or -5.58% from its 50-day moving average of $170.29. Further it is trading $4.87 or +3.12% away its 200-day moving average of $155.91. Avago Technologies Limited (NASDAQ:AVGO) 52-week high is $179.42 and the 52-week low is $111.53.
This explains if the stock moves $-18.64, it will post a 52-week high. In event of +44.16% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Broadcom Limited, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Avago Technologies Limited (NASDAQ:AVGO) ratio came in at N/A.
The stock last ended the trading session at $160.78 and registered a market cap of $63.88B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Avago Technologies Limited (NASDAQ:AVGO) PEG ratio is at 0.94.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...