Alphabet Inc (NASDAQ: GOOG)’s stock price has plunge by -0.41relation to previous closing price of 151.77. Nevertheless, the company has seen a 1.80% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that Alphabet Inc. (GOOG) reachead $151.15 at the closing of the latest trading day, reflecting a -0.41% change compared to its last close.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a price-to-earnings ratio of 26.04x that is above its average ratio. Additionally, the 36-month beta value for GOOG is 1.05. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GOOG is 5.27B and currently, short sellers hold a 0.58% ratio of that float. The average trading volume of GOOG on March 26, 2024 was 22.86M shares.
GOOG’s Market Performance
GOOG’s stock has seen a 1.80% increase for the week, with a 4.03% rise in the past month and a 6.59% gain in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 2.11% for Alphabet Inc The simple moving average for the past 20 days is 7.25% for GOOG’s stock, with a 11.88% simple moving average for the past 200 days.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with Raymond James repeating the rating for GOOG by listing it as a “Outperform.” The predicted price for GOOG in the upcoming period, according to Raymond James is $150 based on the research report published on December 20, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $119, previously predicting the price at $116. The rating they have provided for GOOG stocks is “Buy” according to the report published on January 31st, 2023.
Credit Suisse gave a rating of “Outperform” to GOOG, setting the target price at $134 in the report published on October 11th of the previous year.
GOOG Trading at 4.74% 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 -2.61% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares surge +8.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.21% upper at present.
During the last 5 trading sessions, GOOG rose by +1.80%, which changed the moving average for the period of 200-days by +22.95% in comparison to the 20-day moving average, which settled at $141.55. In addition, Alphabet Inc saw 7.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GOOG starting from Pichai Sundar, who sale 22,500 shares at the price of $148.78 back on Mar 20 ’24. After this action, Pichai Sundar now owns 2,310,191 shares of Alphabet Inc, valued at $3,347,580 using the latest closing price.
HENNESSY JOHN L, the Director of Alphabet Inc, sale 500 shares at $149.50 during a trade that took place back on Mar 18 ’24, which means that HENNESSY JOHN L is holding 8,791 shares at $74,750 based on the most recent closing price.
Stock Fundamentals for GOOG
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.57 for the gross margin
The net margin for Alphabet Inc stands at 0.24. The total capital return value is set at 0.26. Equity return is now at value 27.36, with 19.23 for asset returns.
Based on Alphabet Inc (GOOG), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 3.57. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 273.68.
Currently, EBITDA for the company is 96.24 billion with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 6.11. The receivables turnover for the company is 6.41for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
In conclusion, Alphabet Inc (GOOG) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
