Shares of QUALCOMM Incorporated (NASDAQ:QCOM) recorded -0.51% loss during trading session on February 8th, 2019. The script traded as low as $49.91 and last traded at $50.29. 12.4 million shares changed exchanged hands during trading, an increase of 30.21% from the 30-day average session volume of 17.77M shares. The firm had previously closed at $50.55. The company has $1.22B outstanding shares, a price-to-earnings ratio of 33.42, price-to-earnings-growth ratio of 2.84and a beta of 1.21. The company has a RSI of 36.24, ATR of 1.28 and a volatility of 1.61% this week. QCOM has a 52 week low price of $48.56 and a 52 week high price of $76.50.
Investors have identified the tech 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 61.18B, 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 10.07 billion on their books with 998 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 16.29 billion total, with 30.63 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
QCOM were able to record 204 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 1.71 billion. In cash movements, the company had a total of 356 million 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 4.84 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.25% coming in sequential stages and their sales for the third quarter reducing by -0.21%.
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 2.19 billion trying to sell their products during the last quarter, with the result yielding a gross income of 2.65 billion. This allows shareholders to hold on to 1.22B with the revenue now reading 880 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.70 cents a share).
Is the stock of QCOM attractive?
Having a look at the company’s valuation, the company is expected to record 4.45 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.
In related news, EVP & General Counsel Rosenberg Donald J sold 9,048 shares of the company’s stock in a transaction that recorded on December 13th, 2019. The sale was performed at an average price of 58.01, for a total value of 524,895. As the sale deal closes, the President Rosenberg Donald J now sold 18,323 shares of the company’s stock, valued at 1,103,594. Also, EVP & General Counsel Rosenberg Donald J sold 6,297 shares of the company’s stock in a deal that was recorded on November 23rd, 2019. The shares were sold at an average price of 55.22 per share, with a total market value of 0. Following this completion of acquisition, the EVP & President, QTL now holds 853 shares of the company’s stock, valued at 54,166. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.09%.
3 out of 26 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on QUALCOMM Incorporated stock. 0 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 $64.74.