The stock of Alphabet Inc (NASDAQ: GOOG) has increased by 0.50 when compared to last closing price of 168.99. Despite this, the company has experienced a 1.15% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-06 that Alphabet just spent an incredible amount of money on AI and data center equipment, but it was easily able to cover the bill. The internet search giant has an incredible ability to invest in computing power, and monetize it over time.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a higher price-to-earnings ratio of 26.05x compared to its average ratio. GOOG has 36-month beta value of 1.02. Analysts have mixed views 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 5.23B, and currently, short sellers hold a 0.71% ratio of that float. The average trading volume of GOOG on May 07, 2024 was 23.30M shares.
GOOG’s Market Performance
GOOG stock saw an increase of 1.15% in the past week, with a monthly gain of 10.32% and a quarterly increase of 17.18%. The volatility ratio for the week is 2.30%, and the volatility levels for the last 30 days are 2.16% for Alphabet Inc (GOOG). The simple moving average for the last 20 days is 5.47% for GOOG stock, with a simple moving average of 20.97% for the last 200 days.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with Oppenheimer repeating the rating for GOOG by listing it as a “Outperform.” The predicted price for GOOG in the upcoming period, according to Oppenheimer is $185 based on the research report published on April 08, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $150. The rating they have provided for GOOG stocks is “Outperform” according to the report published on December 20th, 2023.
BofA Securities gave a rating of “Buy” to GOOG, setting the target price at $119 in the report published on January 31st of the previous year.
GOOG Trading at 12.23% 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 -3.74% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +8.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.89% upper at present.
During the last 5 trading sessions, GOOG rose by +1.15%, which changed the moving average for the period of 200-days by +42.08% in comparison to the 20-day moving average, which settled at $161.71. In addition, Alphabet Inc saw 20.51% 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 $166.80 back on May 01 ’24. After this action, Pichai Sundar now owns 2,280,511 shares of Alphabet Inc, valued at $3,753,101 using the latest closing price.
ARNOLD FRANCES, the Director of Alphabet Inc, sale 80 shares at $167.38 during a trade that took place back on Apr 30 ’24, which means that ARNOLD FRANCES is holding 15,551 shares at $13,390 based on the most recent closing price.
Stock Fundamentals for GOOG
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.57 for the gross margin
The net margin for Alphabet Inc stands at 0.26. The total capital return value is set at 0.28. Equity return is now at value 29.76, with 21.22 for asset returns.
Based on Alphabet Inc (GOOG), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 7.26. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 290.84.
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 6.58. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To put it simply, Alphabet Inc (GOOG) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
