JM Global Holding Company (WYIG) Reaches $9.63 52 Week Low; Qualcomm Has 0.85 Sentiment

January 7, 2018 - By Marguerite Chambers

QUALCOMM Incorporated develops, designs, makes, and markets digital communications services and products in China, South Korea, Taiwan, the United States, and internationally. The company has market cap of $98.42 billion. The firm operates through three divisions: Qualcomm CDMA Technologies ; Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). It has a 40.28 P/E ratio. The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

The stock of JM Global Holding Company (NASDAQ:WYIG) hit a new 52-week low and has $9.24 target or 4.00% below today’s $9.63 share price. The 7 months bearish chart indicates high risk for the $24.68M company. The 1-year low was reported on Jan, 7 by Barchart.com. If the $9.24 price target is reached, the company will be worth $987,080 less. The stock decreased 3.31% or $0.33 during the last trading session, reaching $9.63. About 2,001 shares traded or 649.44% up from the average. JM Global Holding Company (NASDAQ:WYIG) has 0.00% since January 7, 2017 and is . It has underperformed by 16.70% the S&P500.

JM Global Holding Company does not have significant operations. The company has market cap of $24.68 million. It intends to consummate a business combination with an operating firm in the consumer products industry primarily in the United States. It currently has negative earnings.

The stock increased 0.67% or $0.44 during the last trading session, reaching $66.47. About 5.42M shares traded. QUALCOMM Incorporated (QCOM) has risen 9.31% since January 7, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Qualcomm Inc De holds 72.33% of its portfolio in QUALCOMM Incorporated for 734,830 shares. Penn Davis Mcfarland Inc owns 477,358 shares or 7.66% of their US portfolio. Moreover, Trilogy Global Advisors Lp has 7.21% invested in the company for 2.20 million shares. The California-based Private Asset Management Inc has invested 6.07% in the stock. Veritas Asset Management Llp, a United Kingdom-based fund reported 13.43 million shares.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on January, 24. They expect $0.77 earnings per share, down 27.36% or $0.29 from last year’s $1.06 per share. QCOM’s profit will be $1.14B for 21.58 P/E if the $0.77 EPS becomes a reality. After $0.82 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -6.10% negative EPS growth.

Ratings analysis reveals 38% of Qualcomm’s analysts are positive. Out of 13 Wall Street analysts rating Qualcomm, 5 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $59.0 while the high is $75.0. The stock’s average target of $68.83 is 3.55% above today’s ($66.47) share price. QCOM was included in 13 notes of analysts from September 6, 2016. On Tuesday, January 24 the stock rating was downgraded by Charter Equity to “Mkt Perform”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Neutral” rating given on Wednesday, December 14 by JP Morgan. The rating was initiated by Citigroup with “Neutral” on Wednesday, December 21. The company was maintained on Thursday, January 26 by Stifel Nicolaus. CLSA downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, January 23 to “Underperform” rating. Instinet downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, January 23 to “Neutral” rating. The rating was maintained by Mizuho on Tuesday, September 6 with “Neutral”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Equal-Weight” rating by Morgan Stanley on Thursday, November 10. The firm has “Buy” rating given on Wednesday, October 12 by Canaccord Genuity. The firm has “Outperform” rating by Cowen & Co given on Friday, September 30.

Since January 1, 0001, it had 0 insider purchases, and 4 insider sales for $303,257 activity.

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