The leading market experts have placed a mean price target of $55.78 on Broadcom Corporation (NASDAQ:BRCM) 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 $0.00 a share for the upcoming quarter and $2.83 for the current fiscal.
The technical analysis of Broadcom Corporation plainly substantiates that the 50-day moving average of Broadcom Corporation is $55.63, and stock is trading $-0.96 points away or -1.73% from its 50-day moving average of $55.63. Further it is trading $1.72 or +3.24% away its 200-day moving average of $52.95. Broadcom Corporation (NASDAQ:BRCM) 52-week high is $58.51 and the 52-week low is $41.28.
This explains if the stock moves $-3.84, it will post a 52-week high. In event of +32.44% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Broadcom Corporation, 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, Broadcom Corporation (NASDAQ:BRCM) ratio came in at N/A.
The stock last ended the trading session at $54.67 and registered a market cap of $N/A. 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. Broadcom Corporation (NASDAQ:BRCM) PEG ratio is at 0.00.
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