Qualcomm, Inc. (NASDAQ:QCOM) price is hovering lower on Tuesday, April 16, dropping -1.09% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $169.84. The company’s P/E ratio in the trailing 12-month period read 24.35. Taking into account the 52-week price action we note that the stock hit a 52-week high of $177.59 and 52-week low of $101.47. The stock added 0.47% on its value in the past month.
Qualcomm, Inc., which has a market valuation of $187.48 billion. The company stock has a Forward Dividend ratio of 3.20, while the dividend yield is 1.90%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give QCOM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.92. The overview shows that QCOM’s price is at present -1.38% off the SMA20 and 3.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.84, with weekly volatility standing at 2.30%. The indicator jumps to 2.03% when calculated based on the past 30 days. Qualcomm, Inc. (NASDAQ:QCOM)’s beta value is holding at 1.32, while the average true range (ATR) indicator is currently reading 3.96.
An analysis of the Qualcomm, Inc. (NASDAQ:QCOM) stock in terms of its daily trading volume indicates that the 3-month average is 8.87 million.
Current records show that the company has 1.11B in outstanding shares. The insiders’ percentage holdings are 0.21% of outstanding shares while the percentage share held by institutions stands at 76.34%. But the 16.15% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
