The price-to-earnings ratio for Alphabet Inc (NASDAQ: GOOG) is 26.52x, which is above its average ratio. Moreover, the 36-month beta value for GOOG is 1.06. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GOOG is 5.27B and currently, short sellers hold a 0.67% of that float. On April 08, 2024, GOOG’s average trading volume was 23.18M shares.
GOOG) stock’s latest price update
The stock price of Alphabet Inc (NASDAQ: GOOG) has surged by 1.32 when compared to previous closing price of 151.94, but the company has seen a 1.10% gain in its stock price over the last five trading sessions. Forbes reported 2024-04-07 that Google stock has been a decent investment this year. Yet the company’s single-digit revenue growth reflects its inability to monetize generative AI — thus inhibiting Google’s stock momentum.
GOOG’s Market Performance
Alphabet Inc (GOOG) has experienced a 1.10% rise in stock performance for the past week, with a 16.13% rise in the past month, and a 11.52% rise in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.07% for GOOG. The simple moving average for the past 20 days is 4.31% for GOOG’s stock, with a 12.95% 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 5.74% 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 -1.95% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +13.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.39% upper at present.
During the last 5 trading sessions, GOOG rose by +1.10%, which changed the moving average for the period of 200-days by +24.30% in comparison to the 20-day moving average, which settled at $148.52. In addition, Alphabet Inc saw 9.23% 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 $155.67 back on Apr 03 ’24. After this action, Pichai Sundar now owns 2,325,513 shares of Alphabet Inc, valued at $3,502,640 using the latest closing price.
O’Toole Amie Thuener, the VP, Chief Accounting Officer of Alphabet Inc, sale 682 shares at $154.79 during a trade that took place back on Apr 02 ’24, which means that O’Toole Amie Thuener is holding 29,284 shares at $105,567 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 6.21. 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
To wrap up, the performance of Alphabet Inc (GOOG) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
