New revelations on insider trading at Broadcom Inc (NASDAQ: AVGO)

Broadcom Inc saw a positive movement in its stock price on Tuesday, June 3, closing at $256.85, with a 3.27% increase from the previous day. The company has a market cap of $120.7 billion and is due to report its quarterly earnings in July. Investors holding AVGO stock are eager to see gains before the earnings release as the Forward Dividend is at 2.23 with a yield of 0.87%.

In terms of analyst ratings, 1 out of 27 analysts rate AVGO as a Hold, while the remaining 26 rate it as a Buy. None of them suggest selling the stock, and the consensus is that the stock is a Buy. Looking at short-term and medium-term indicators, the stock has an average rating of 100% Buy.

Further analysis shows that the PEG ratio for AVGO is currently at 5.39, with the stock price 12.06% below its 20-day moving average and 29.51% below its 50-day moving average. The Relative Strength Index (RSI) of 81.33 indicates potential overbought conditions, while recent volatility has been at 1.47% over the past week and 1.98% over the past month. The beta value is 1.12, and the Average True Range (ATR) is 8.02.

Looking ahead, the average price target for AVGO over the next 12 months is $250, with a low estimate of $215 and a high estimate of $267. This suggests a potential upside of 16.29% and a downside of -3.95% from the current price. Investors may consider taking advantage of the stock if it reaches the median target of $250, offering a potential gain of 2.67%.

In conclusion, despite recent fluctuations, Broadcom Inc remains a favorable stock with promising prospects based on analyst ratings and price targets. Investors could potentially benefit from holding or acquiring AVGO shares before the upcoming earnings report in July.