The price-to-earnings ratio for Godaddy Inc (NYSE: GDDY) is above average at 12.77x, Company’s 36-month beta value is 1.09.Analysts have differing 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 1.78% ratio of that floaft. The average trading volume of GDDY on May 02, 2024 was 1.43M shares.
GDDY) stock’s latest price update
The stock price of Godaddy Inc (NYSE: GDDY) has plunged by -0.07 when compared to previous closing price of 122.38, but the company has seen a -1.24% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that Besides Wall Street’s top -and-bottom-line estimates for GoDaddy (GDDY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
GDDY’s Market Performance
GDDY’s stock has fallen by -1.24% in the past week, with a monthly rise of 0.05% and a quarterly rise of 14.65%. The volatility ratio for the week is 2.32% while the volatility levels for the last 30 days are 2.10% for Godaddy Inc The simple moving average for the last 20 days is -1.19% for GDDY stock, with a simple moving average of 28.05% 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 2.64% 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 -3.82% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.30% upper at present.
During the last 5 trading sessions, GDDY fell by -1.24%, which changed the moving average for the period of 200-days by +57.88% in comparison to the 20-day moving average, which settled at $123.68. In addition, Godaddy Inc saw 15.19% 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 4.91. 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 a nutshell, Godaddy Inc (GDDY) has experienced a better performance in recent times. The stock has received mixed “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.
