QUALCOMM, Inc. (NASDAQ:QCOM) soared 1.15% during previous trade, a total of 6.18M shares exchanged hands compared with its average trading volume of 7.45M shares whereas its relative volume is 0.70. The stock has a market capitalization of $99.94B along with 1.48B outstanding shares. Stock’s intraday price range hit the peak level of $67.08 and touched the lowest level of $66.16.
Most recently QUALCOMM, Inc. (NASDAQ:QCOM)’s price target was revised on 12/14/16 and according to 24 analysts stock’s price will reach at $73.79 during 52 weeks with standard deviation of 13.42. Stock’s minimum price target estimates has been figured out at $58 while the maximum price target forecast is established at $83, if we look at the price target with an optimistic approach it has upside potential of 24% from its latest closing price of $66.88.
Historically, if we look at price target revisions, three weeks ago QUALCOMM, Inc. (NASDAQ:QCOM)’s price target was revised on 12/14/16 by the analysts, however the bullish price estimates of the stock set at $83 while the bearish estimates kept at $39 over the next one year. Stock’s 52-week target was retained at $67.94, the estimates indicates a standard deviation of 13.14.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.87. ABR value is precisely based on brokerage recommendations, where out of 23 brokerage recommendations 14 rate QUALCOMM, Inc. (NASDAQ:QCOM) stock a Strong Buy, 0 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 1/12/17 the stock of QUALCOMM, Inc. (NASDAQ:QCOM) upgraded by Rosenblatt from Neutral to Buy. However previously on 11/10/16 it was downgraded by JP Morgan from Overweight to Neutral. A research note issued on 10/31/16 the stock was downgraded by Morgan Stanley from Overweight to Equal-Weight.
QUALCOMM, Inc. (NASDAQ:QCOM) performance over the past one year soared 45.13% whereas its year to date (YTD) performance indicated a bullish trend of 2.58%. During the last six months the stock climbed 24.16%. Quarterly performance of the company shows optimistic momentum of 2.59% while its last one month trend is negative with -3.55%. Stock’s weekly performance expressed up trend of 2.06%.
The company’s price sits 0.19% above from its 50-day moving average of $66.78 and 12.14% far from the stock’s 200-day moving average which is $63.86. QUALCOMM, Inc. (NASDAQ:QCOM)’s shares are currently trading -5.89% away from the 52-week high price of $71.06 and +64% far from the 52-week low price of $40.78.
According to consensus agreement of 21 analysts QUALCOMM, Inc. (NASDAQ:QCOM) will report earnings per share of $1.18 in their quarterly report and it is expected to announce the company’s results on 1/25/17 After Market Close. For the current quarter the company has high EPS estimates of $1.24 in contradiction of low EPS estimates of $1.15. However a year ago for the same quarter the company has reported $0.97 EPS. Current year EPS projections for QUALCOMM, Inc. (NASDAQ:QCOM) set at $4.76 according to the sentiments of 26 analysts, while its lowest earnings estimates are $4.28 and highest earnings estimates are $5.32.
According to 20 analysts, QUALCOMM, Inc. (NASDAQ:QCOM)’s revenue estimates for the current quarter are $6.12B meanwhile the company has high revenue estimates of $6.25B in contradiction of low revenue estimates of $6.08B. For the current year the company’s revenue estimates are $23.83B compared to low analyst estimates of $21.49B and high estimates of $25.16B according to the projection of 25 analysts.