Broadcom Inc.’s (NASDAQ:AVGO) 29% Share Price Surge Not Quite Adding Up
Broadcom Inc. (NASDAQ:AVGO) shares have had a really impressive month, gaining 29% after a shaky period beforehand. The last month tops off a massive increase of 109% in the last year.
Following the firm bounce in price, Broadcom may be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 17.6x, since almost half of all companies in the Semiconductor industry in the United States have P/S ratios under 4.5x and even P/S lower than 1.7x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
View our latest analysis for Broadcom
How Broadcom Has Been Performing
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