Qualcomm's Trading Volume Drops 33.3% to $19.64 Billion Ranking 41st in Stock Market

On April 10, 2025, Qualcomm's trading volume reached $19.64 billion, a 33.3% decrease from the previous day, ranking 41st in the day's stock market. Qualcomm (QCOM) fell by 6.40%.

Qualcomm's stock has been under scrutiny recently, with analysts providing mixed reviews. On February 1, 2024, TD Cowen reiterated its "Outperform" rating, adjusting its price target from $160 to $170. Conversely, Citigroup downgraded its rating from "Buy" to "Neutral," maintaining a price target of $160. These contrasting views reflect the market's uncertainty about Qualcomm's future performance.

Qualcomm's earnings are expected to grow by 15.3% year-over-year to $11.78 per share for fiscal 2025. This positive outlook has contributed to the stock's recent volatility, as investors weigh the potential for future growth against current market conditions. The company's forward price-to-earnings ratio stands at 12.18, indicating that the stock may be undervalued given its expected earnings growth.

Despite the recent downgrade, Qualcomm's stock has been upgraded to a Zacks Rank #2 (Buy), suggesting that analysts remain optimistic about the company's long-term prospects. The stock's forward dividend rate is $3.40, with a yield of 2.37%, providing investors with a steady income stream in addition to potential capital appreciation. The short interest in Qualcomm's stock is 1.88%, indicating that a significant portion of the float is held by short sellers, who may be betting on a further decline in the stock price.