Broadcom (AVGO) Stock Price

Financial Performance

Broadcom's financial performance has been strong with revenue of $14.9B in the last quarter, reflecting a growth of 6.1% from the previous quarter and an impressive increase of 19.5% year over year. The company's gross profit was $10.1B, up by 12.7% from the previous quarter and up by a significant 44.9% year over year, indicating good cost management and profitability potential.

The operating income profit was $6.3B, which is a substantial increase of 35.3% from the previous quarter and almost double (89.1%) year over year, suggesting efficient operations management.

The EBITDA ratio stands at 0.42 which suggests that Broadcom is generating a healthy profit before accounting for interest, taxes, depreciation and amortization.

Stock Price

Broadcom's stock price currently stands at $275.18 showing an upward trend with an increase of 10.6% in the last month and a considerable gain of 61.6% YoY.The RSI value being at 67 indicates that it may be getting overbought but still has some room before reaching into 'overbought' territory (RSI >70).

The stock price is well above its 200-day moving average ($202), indicating bullish sentiment among investors.

Alternative Data Signals

In terms of alternative data signals, there are mixed signals coming through: Web traffic has decreased slightly MoM (-2%) as well as YoY(-1%). Job postings have also decreased MoM (-18%) and YoY(-20%), which may suggest slowing expansion or cost-cutting measures.

However, the company's social media presence is growing with followers on Twitter and Facebook increasing by 13% and 4.2% respectively over the last 90 days. This suggests that Broadcom is gaining more attention from the public which could potentially translate into increased brand recognition and sales in future.

Conclusion

In conclusion, despite some negative alternative data signals, Broadcom's strong financial performance, rising stock price and growing social media presence indicate a generally bullish outlook for its stock.

Note: This AI Stock Analysis is based on data as of July 05. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Broadcom (AVGO), currently trading at $271.8, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.