Alphabet Inc. (NASDAQ:GOOG) went down by -1.54% from its latest closing price compared to the recent 1-year high of $2936.41. The company’s stock price has collected 0.39% of gains in the last five trading sessions. The Wall Street Journal reported 18 hours ago that Wendy’s Envisions AI-Rich Apps With New Google Cloud Deal
Is It Worth Investing in Alphabet Inc. (NASDAQ :GOOG) Right Now?
Alphabet Inc. (NASDAQ:GOOG) scored a price-to-earnings ratio above its average ratio, recording 36.44 x from its present earnings ratio. Opinions of the stock are interesting as 38 analysts out of 46 who provided ratings for Alphabet Inc. declared the stock was a “buy,” while 6 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $3203.43, which is $369.07 above the current price. GOOG currently public float of 580.51M and currently shorts hold a 0.45% ratio of that float. Today, the average trading volume of GOOG was 1.06M shares.
GOOG’s Market Performance
GOOG stocks went up by 0.39% for the week, with a monthly drop of -4.71% and a quarterly performance of 3.51%, while its annual performance rate touched 74.25%. The volatility ratio for the week stands at 1.65% while the volatility levels for the past 30 days are set at 1.88% for Alphabet Inc.. The simple moving average for the period of the last 20 days is -1.85% for GOOG stocks with a simple moving average of 14.96% for the last 200 days.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with RBC Capital Mkts repeating the rating for GOOG by listing it as a “Outperform.” The predicted price for GOOG in the upcoming period, according to RBC Capital Mkts is $3400 based on the research report published on October 01st of the current year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $3400, previously predicting the price at $2900. The rating they have provided for GOOG stocks is “Outperform” according to the report published on July 28th, 2021.
Truist gave a rating of “Buy” to GOOG, setting the target price at $3100 in the report published on July 28th of the current year.
GOOG Trading at -2.44% from the 50-Day Moving Average
After a stumble in the market that brought GOOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.88% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -4.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.53% upper at present.
During the last 5 trading sessions, GOOG rose by +0.39%, which changed the moving average for the period of 200-days by +57.25% in comparison to the 20-day moving average, which settled at $2,779.14. In addition, Alphabet Inc. saw 56.08% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GOOG starting from Brin Sergey, who sale 13,889 shares at the price of $2798.28 back on Oct 11. After this action, Brin Sergey now owns 0 shares of Alphabet Inc., valued at $38,865,376 using the latest closing price.
Brin Sergey, the Director of Alphabet Inc., sale 13,889 shares at $2800.66 during a trade that took place back on Oct 11, which means that Brin Sergey is holding 18,979,712 shares at $38,898,343 based on the most recent closing price.
Stock Fundamentals for GOOG
Current profitability levels for the company are sitting at:
- +22.51 for the present operating margin
- +53.53 for the gross margin
The net margin for Alphabet Inc. stands at +22.08. The total capital return value is set at 17.55, while invested capital returns managed to touch 17.36.
Based on Alphabet Inc. (GOOG), the company’s capital structure generated 12.52 points at debt to equity in total, while total debt to capital is 11.13. Total debt to assets is 8.72, with long-term debt to equity ratio resting at 11.27. Finally, the long-term debt to capital ratio is 10.01.
When we switch over and look at the enterprise to sales, we see a ratio of 6.01, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 6.19 and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.07.