QUALCOMM Incorporated (NASDAQ:QCOM) previous close was $149.91 while the outstanding shares total 1.13B. The firm has a beta of 1.37, a 12-month trailing P/E ratio of 34.80, and a growth ratio of 1.44. QCOM’s shares traded higher over the last trading session, gaining 5.14% on 12/04/20. The shares fell to a low of $150.00 before closing at $157.62. Intraday shares traded counted 12.52 million, which was -54.37% lower than its 30-day average trading volume of 8.11M. The stock’s Relative Strength Index (RSI) is 72.20, with weekly volatility at 2.82% and ATR at 4.76. The QCOM stock’s 52-week price range has touched low of $58.00 and a $153.33 high.
Investors have identified the Semiconductors company QUALCOMM Incorporated as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $169.55 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
QUALCOMM Incorporated (QCOM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For QCOM, the company has in raw cash 6.71 billion on their books with 500.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 18519000000 million total, with 8672000000 million as their total liabilities.
QCOM were able to record 4.41 billion as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -5.13 billion. In cash movements, the company had a total of 5.81 billion as operating cash flow.
Potential earnings growth for QUALCOMM Incorporated (QCOM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, QUALCOMM Incorporated recorded a total of 8.35 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 42.31% coming in sequential stages and their sales for the third quarter increasing by 41.37%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.77 billion trying to sell their products during the last quarter, with the result yielding a gross income of 5.58 billion. This allows shareholders to hold on to 1.13B with the revenue now reading 2.61 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.02 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.34 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on QCOM sounds very interesting.
Is the stock of QCOM attractive?
In related news, EVP & General Counsel, Rosenberg Donald J sold 7,771 shares of the company’s stock in a transaction that recorded on Nov 24. The sale was performed at an average price of 142.51, for a total value of 1,107,473. As the sale deal closes, the President, AMON CRISTIANO R now sold 19,606 shares of the company’s stock, valued at 2,816,437. Also, EVP & President, QTL, ROGERS ALEXANDER H sold 5,526 shares of the company’s stock in a deal that was recorded on Nov 23. The shares were price at an average price of 142.48 per share, with a total market value of 787,344. Following this completion of acquisition, the SVP & Chief Accounting Officer, POLEK ERIN L now holds 3,455 shares of the company’s stock, valued at 492,268. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.13%.
19 out of 29 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on QUALCOMM Incorporated. 1 analysts has assigned a Sell rating on the QCOM stock. The 12-month mean consensus price target for the company’s shares has been set at $158.54.