Godaddy Inc (GDDY) Stock: Analyzing the Market Value

Godaddy Inc (NYSE: GDDY) has a higher price-to-earnings ratio of 12.94x compared to its average ratio, The 36-month beta value for GDDY is at 1.11. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for GDDY is 141.42M, and currently, shorts hold a 1.81% of that float. The average trading volume for GDDY on April 04, 2024 was 1.53M shares.

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GDDY) stock’s latest price update

The stock of Godaddy Inc (NYSE: GDDY) has increased by 1.37 when compared to last closing price of 122.23.Despite this, the company has seen a gain of 2.46% in its stock price over the last five trading days. CNBC Television reported 2024-03-28 that Josh Beck, senior internet analyst at Raymond James, and CNBC’s Deirdre Bosa join ‘The Exchange’ to discuss the next badge of AI winners, his thesis for stocks like GoDaddy, Wix and Squarespace, and more.

GDDY’s Market Performance

GDDY’s stock has risen by 2.46% in the past week, with a monthly rise of 11.37% and a quarterly rise of 20.30%. The volatility ratio for the week is 2.18% while the volatility levels for the last 30 days are 2.09% for Godaddy Inc The simple moving average for the last 20 days is 5.20% for GDDY’s stock, with a simple moving average of 36.77% for the last 200 days.

Analysts’ Opinion of GDDY

Many brokerage firms have already submitted their reports for GDDY stocks, with Raymond James repeating the rating for GDDY by listing it as a “Strong Buy.” The predicted price for GDDY in the upcoming period, according to Raymond James is $150 based on the research report published on March 27, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see GDDY reach a price target of $110, previously predicting the price at $100. The rating they have provided for GDDY stocks is “In-line” according to the report published on February 14th, 2024.

GDDY Trading at 9.15% from the 50-Day Moving Average

After a stumble in the market that brought GDDY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.88% of gains for the given period.

Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +13.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.49% upper at present.

During the last 5 trading sessions, GDDY rose by +2.46%, which changed the moving average for the period of 200-days by +63.08% in comparison to the 20-day moving average, which settled at $118.53. In addition, Godaddy Inc saw 16.72% 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 GDDY starting from Bhutani Amanpal Singh, who sale 2,500 shares at the price of $120.00 back on Mar 21 ’24. After this action, Bhutani Amanpal Singh now owns 384,323 shares of Godaddy Inc, valued at $300,000 using the latest closing price.

Bhutani Amanpal Singh, the Chief Executive Officer of Godaddy Inc, sale 7,600 shares at $113.80 during a trade that took place back on Mar 08 ’24, which means that Bhutani Amanpal Singh is holding 386,823 shares at $864,880 based on the most recent closing price.

Stock Fundamentals for GDDY

Current profitability levels for the company are sitting at:

  • 0.15 for the present operating margin
  • 0.6 for the gross margin

The net margin for Godaddy Inc stands at 0.32. The total capital return value is set at 0.13.

Based on Godaddy Inc (GDDY), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 61.82. The interest coverage ratio of the stock is 3.54.

Currently, EBITDA for the company is 805.3 million with net debt to EBITDA at 4.11. When we switch over and look at the enterprise to sales, we see a ratio of 4.97. The receivables turnover for the company is 55.54for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.

Conclusion

In conclusion, Godaddy Inc (GDDY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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