Price Over Earnings Overview: Broadcom
Portfolio Pulse from Benzinga Insights
Broadcom Inc.'s (NASDAQ:AVGO) share price is currently at $856.87, after a 0.59% increase. Over the past month, the stock decreased by 6.86%, but increased by 69.21% in the past year. Broadcom's P/E ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, indicating that the stock might be undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.
August 28, 2023 | 2:00 pm
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Broadcom's share price increased by 0.59% to $856.87. Despite a decrease of 6.86% over the past month, the stock has increased by 69.21% over the past year. Its lower P/E ratio compared to the industry average could suggest undervaluation, but also might indicate low growth expectations.
Broadcom's share price has increased in the current session, but has decreased over the past month. However, it has seen significant growth over the past year. Its P/E ratio is lower than the industry average, which could suggest that the stock is undervalued. However, this could also indicate that shareholders do not expect the company to grow significantly in the future. This uncertainty makes the short-term impact on the stock neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100