The stock of Godaddy Inc (NYSE: GDDY) has decreased by -0.72 when compared to last closing price of 123.25.Despite this, the company has seen a loss of -2.28% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that GoDaddy (GDDY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Godaddy Inc (NYSE: GDDY) Right Now?
The price-to-earnings ratio for Godaddy Inc (NYSE: GDDY) is 12.78x, which is above its average ratio. Moreover, the 36-month beta value for GDDY is 1.09. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GDDY is 141.44M and currently, short sellers hold a 1.72% of that float. On April 18, 2024, GDDY’s average trading volume was 1.50M shares.
GDDY’s Market Performance
GDDY’s stock has seen a -2.28% decrease for the week, with a 2.46% rise in the past month and a 14.37% gain in the past quarter. The volatility ratio for the week is 2.28%, and the volatility levels for the past 30 days are at 1.89% for Godaddy Inc. The simple moving average for the past 20 days is -0.22% for GDDY’s stock, with a 31.34% simple moving average for the past 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 4.70% 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 unable to rebound, for now settling with -3.77% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +2.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.74% upper at present.
During the last 5 trading sessions, GDDY fell by -2.28%, which changed the moving average for the period of 200-days by +62.86% in comparison to the 20-day moving average, which settled at $122.79. In addition, Godaddy Inc saw 15.26% 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 McCaffrey Mark, who sale 624 shares at the price of $120.83 back on Apr 02 ’24. After this action, McCaffrey Mark now owns 116,328 shares of Godaddy Inc, valued at $75,401 using the latest closing price.
Chen Roger, the Chief Operating Officer of Godaddy Inc, sale 4,000 shares at $118.56 during a trade that took place back on Apr 01 ’24, which means that Chen Roger is holding 204,632 shares at $474,240 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 4.92. 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
To wrap up, the performance of Godaddy Inc (GDDY) has been better in recent times. The stock has received a mixed 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.
