P/E Ratio Insights for Qualcomm
Portfolio Pulse from Benzinga Insights
Qualcomm Inc.'s (NASDAQ:QCOM) stock is currently trading at $109.75, after a 0.69% drop. Over the past month, the stock decreased by 0.88%, and in the past year, by 2.75%. The company's P/E ratio is lower than the aggregate P/E of 37.83 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued.
October 17, 2023 | 2:45 pm
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Qualcomm's stock has seen a decrease in the past month and year. Its P/E ratio is lower than the industry average, which could suggest that the stock is undervalued.
The stock's recent decrease and lower P/E ratio compared to the industry average could suggest that it is undervalued. However, a low P/E ratio can also indicate weak growth prospects or financial instability. Therefore, the impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100