Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $62.27 on QUALCOMM Incorporated (NASDAQ:QCOM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.29 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of QUALCOMM Incorporated (NASDAQ:QCOM) stands at 18.21.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For QUALCOMM Incorporated, the PEG ratio for coming 3-5 years is 1.28.
The technical analysis highlights that QUALCOMM Incorporated current is trading $4.09 points away or +7.03% from its 50-day moving average of $58.11. Further it is trading $9.09 or +17.13% away its 200-day moving average of $53.11.
The 52-week high of QUALCOMM Incorporated (NASDAQ:QCOM) was $62.82 while lowest point recorded in 52-week was $42.24. It implies if stock price makes a movement of over $-0.62, it will record a new 52-week high. In the case of +47.25% drop, it will touch a new 52-week low.
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