QUALCOMM Incorporated (QCOM) : Currently there are 17 street experts covering QUALCOMM Incorporated (QCOM) stock. The most bullish and bearish price target for the stock is $65 and $39 respectively for the short term. The average price target of all the analysts comes to $57.35. The estimated standard deviation from the target is $7.12.
QUALCOMM Incorporated (QCOM) has witnessed a rise of 3.6% or 622,119 shares in its short figure. The short interest augmentation took it from 17,088,311 on June 15,2016 to 17,710,430 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1.2%. The days to cover are 2 given that the daily volume averaged 9,607,735 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Evercore ISI Group downgrades its outlook on QUALCOMM Incorporated (NASDAQ:QCOM). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 1, 2016.
QUALCOMM Incorporated (NASDAQ:QCOM): stock turned positive on Thursday. Though the stock opened at $55.19, the bulls momentum made the stock top out at $55.365 level for the day. The stock recorded a low of $54.56 and closed the trading day at $54.88, in the green by 0.09%. The total traded volume for the day was 6,601,526. The stock had closed at $54.83 in the previous days trading.
Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Companys products include 2net, AllPlay, Brew, Gobi, Halo, HealthyCircles, Hy-Fi, IPQ, IZat, Pixtronix, Powerline, QChat, QLearn, Small Cells, Snapdragon, Vive, RaptorQ, Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Companys Brew platform enables feature phone applications, such as gaming, messaging, Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G, 4G, and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points, creating networks by plugging in.