Qualcomm Inc (NASDAQ:QCOM) shares traded 12.25% up during most recent session to reach at the closing price of $79.08. The stock exchanged hands 156.02 Million shares versus average trading capacity of 17.75 Million shares, yielding a market cap of $95.92 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $68.48 within the next 52-weeks. The mean target projections are based on 19 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Qualcomm Inc (NASDAQ:QCOM) high price target of $100 and with a conservative view have low price target of $53.
DZ Bank “Upgrades” Qualcomm Inc (NASDAQ:QCOM) in a research note issued to investors on 4/18/19 to Buy with price target of $0.
Additionally on 4/17/19 Barclays “Maintained” Qualcomm Inc (NASDAQ:QCOM) to Overweight setting price target at $100 and on 4/17/19 Canaccord Genuity “Maintained” the stock to Buy at $89. Furthermore on 4/17/19 Raymond James “Maintained” the stock to Outperform at $85.
On the other hand the company has Relative Strength Index (RSI 14) of 90.14 along with Average True Range (ATR 14) of 2.72, Consequently Qualcomm Inc (NASDAQ:QCOM)’s weekly and monthly volatility is 7.39%, 3.16% respectively. The company’s beta value is at 1.25.
In terms of Buy, Sell or Hold recommendations, Qualcomm Inc (NASDAQ:QCOM) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Qualcomm Inc (NASDAQ:QCOM)’s minimum EPS for the current quarter is at $0.69 and can go high up to $0.72. The consensus mean EPS for the current quarter is at $0.7 derived from a total of 18 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.8 earnings per share for the same quarter during last year.
Previously Qualcomm Inc (NASDAQ:QCOM) reported $1.2 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.11. The company posted an earnings surprise of 10.1%.
Qualcomm Inc (NASDAQ:QCOM)’s revenue estimates for the current quarter are $4.8 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $4.85 Billion in contradiction of low revenue estimates of $4.73 Billion. For the current year the company’s revenue estimates are $20.38 Billion compared to low analyst estimates of $19.54 Billion and high estimates of $21.7 Billion according to 20 number of analysts.
Currently Qualcomm Inc (NASDAQ:QCOM)’s shares owned by insiders are 0.09%, whereas shares owned by institutional owners are 84.9%. However the six-month change in the insider ownership was recorded -6.46%, as well as three-month change in the institutional ownership was recorded -0.02%.
Qualcomm Inc (NASDAQ:QCOM)’s trailing twelve month revenues are $21.51 Billion, whereas its price to sales ratio for the same period is 4.46. Its book value per share for the most recent quarter is $2.98 while its price to book ratio for the same period is 26.54, as for as the company’s cash per share for the most recent quarter is $8.5, however its price to cash per share ratio for the same period is 9.3. The stock has 5 year expected PEG ratio of 3.66 whereas its trailing twelve month P/E ratio is 52.54.