Broadcom (AVGO) Stock Price

Financial Performance

Broadcom's revenue for the last quarter was $14.1B, indicating a healthy growth of 7.5% from the previous quarter and an impressive year on year growth of 17.5%. The company's gross profit stood at $9B, also showing strong growth both quarterly (7.7%) and annually (34.9%). Their operating income profit rose significantly by 22.1% from the previous quarter and a striking increase of 65.5% year over year, reflecting robust operational efficiency. The EBITDA ratio at 0.52 suggests a decent profitability level.

Stock Price

The stock price is currently trading at $244.7, up by 8.9% in the last month and showing an exceptional rise of over twofold in the past year (103.1%). The RSI value stands at a high level of 71.05, suggesting that the stock may be nearing overbought territory which could lead to potential price correction in future periods if other market factors remain constant or worsen.The stock's current price is well above its long-term trend as indicated by its position relative to its 200-day moving average ($167.53).

Alternative Data Signals

The company has seen a slight decrease in web traffic (-5.7%) over the past month but maintains a hefty visitor count estimated around five million per month which indicates substantial online presence and engagement with customers or stakeholders alike.The number of job openings has decreased slightly (-3%), possibly indicating cost control measures or lower expansion needs based on business requirements.On social media platforms like Twitter and Facebook, Broadcom has been steadily growing its following base with an increase of about11-3% in the last 90 days, suggesting that they are expanding their digital footprint and maintaining a decent level of public interest. The business outlook from employees is neutral with no significant changes over the past month but has seen a considerable decrease year on year (-31.3%).

Conclusion

In conclusion, Broadcom's stock performance appears to be strong with solid financial growth and robust stock price appreciation. However, some caution may be warranted given the high RSI value and slight decreases in web traffic and job postings. Overall, this analysis leans towards being bullish on Broadcom's stock.

Note: This AI Stock Analysis is based on data as of January 25. 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 $204.3, 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.