Stock price Qualcomm Inc. It reached a 52-week high of $ 168 in early 2021, but has since fallen from that level. In addition, stock prices fell more than 6% last week and are now at around $ 133. However, Qualcomm reported in late July (QCOM’s fiscal year ended in September) that earnings in the third quarter of 2021 were strong, jumping from $ 4.89 billion in the third quarter of 2020 to $ 8.06 billion. .. This increase is primarily due to (increased) an increase in handset chipsets. Revenues from $ 2.46 billion to $ 3.86 billion) and the Internet of Things ($ 765 million to $ 1.4 billion). In addition, operating income almost tripled from $ 782 million in the year-ago quarter to $ 2.2 billion as cost of sales and other operating expenses slowed. Despite higher effective tax rates, EPS rose nearly 2.5 times from $ 0.75 in the third quarter of 2008 to $ 1.80 in the third quarter of 2009. With more and more mobile phones equipped with 5G chipsets, Qualcomm expects to continue to see significant revenue and margin growth in the medium term.
But after a 6% drop in a week, will Qualcomm’s share price continue to decline over the next few weeks, or is it imminent? Qualcomm stock returns, according to the Trefis Machine Learning Engine, which uses 10-year historical data to identify trends in a company’s stock price Only 1.5% on average The period of the next month (21 trading days) after experiencing 6.4% Below the previous week (5 trading days).
But how do these numbers change if you are interested in holding Qualcomm shares for a short or long term? You can test and test your answers and many other combinations with the Trefis Machine Learning Engine. Expected return on Qualcomm shares After ascending or descending. You can test your recovery potential at different time intervals, such as quarterly, monthly, or even one day.
Machine Learning Engine-Try It For Yourself:
If Qualcomm shares move -5% in 5 trading days, Qualcomm shares will move in the next 21 trading days. Average 1.9%, decent 62% probability of positive return Over this period.
Understanding some fun scenarios, FAQs, and Qualcomm stock price fluctuations:
Question 1: Is the average return on Qualcomm stocks higher after the decline?
answer: Consider two situations.
Case 1: Qualcomm’s inventory drops by more than 5% in a week
Case 2: Qualcomm inventory increased by more than 5% in a week
Is the average return on Qualcomm shares the following month after Case 1 or Case 2 high?
Qualcomm shares Fares after Case 1 will be betterIn Case 1 (the stock just lost 5% last week), the average return for the following month (21 trading days) was 1.9%, while the average return for Case 2 was 1.6%.
By comparison, the S & P 500 averaged 3.1% return on the next 21 trading days of Case 1, with an average return of only 0.5% in Case 2. As detailed on the dashboard, the average return on the S & P 500 is down or up.
Try the Trefis machine learning engine above to see for yourself how Qualcomm shares may behave after a certain gain or loss over a period of time.
Question 2: Do you pay patience?
answer: If you buy and hold Qualcomm shares, short-term fluctuations will be offset over time, and long-term positive trends will be in your favor, at least if the company is otherwise strong. ..
Overall, most stocks have absolute patience, according to data and calculations from the Trefis machine learning engine.
For Qualcomm shares, the next N-day return after a -5% change in the last 5 trading days is detailed in the table below along with the S & P 500 return.
You can try the engine and see what this table in Qualcomm will look like after a big loss last week, a month, or a quarter.
Question 3: What will happen to the average return after the rise after waiting for a while?
answer: As detailed in the previous question, the average return after a rise is naturally lower than after a fall. Interestingly, however, if stocks have risen in the last few days, you shouldn’t make short-term bets on most stocks.
It is very powerful to change the input in the chart above and test the Qualcomm stock trend yourself.
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