Alphabet Inc (GOOG) Stock: Evaluating the Annual Growth

The stock of Alphabet Inc (GOOG) has seen a -0.63% decrease in the past week, with a 5.07% gain in the past month, and a 25.98% flourish in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.71% for GOOG. The simple moving average for the last 20 days is 0.00% for GOOG stock, with a simple moving average of 20.36% for the last 200 days.

Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?

Alphabet Inc (NASDAQ: GOOG) has a price-to-earnings ratio that is above its average at 26.68x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for GOOG is 5.22B, and at present, short sellers hold a 0.75% of that float. On June 03, 2024, the average trading volume of GOOG was 21.58M shares.

GOOG) stock’s latest price update

Alphabet Inc (NASDAQ: GOOG) has seen a rise in its stock price by 0.23 in relation to its previous close of 173.56. However, the company has experienced a -0.63% decline in its stock price over the last five trading sessions. marketwatch.com reported 2024-06-02 that Donald Trump has joined the popular video-sharing app TikTok, a platform he once tried to ban while in the White House, and posted from a UFC fight two days after he became the first former president and presumptive major party nominee in U.S. history to be found guilty on felony charges.

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 6.15% 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 -3.33% of loss for the given period.

Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +3.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.22% upper at present.

During the last 5 trading sessions, GOOG fell by -0.63%, which changed the moving average for the period of 200-days by +33.54% in comparison to the 20-day moving average, which settled at $174.23. In addition, Alphabet Inc saw 23.44% 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 $173.22 back on May 15 ’24. After this action, Pichai Sundar now owns 2,258,011 shares of Alphabet Inc, valued at $3,897,497 using the latest closing price.

HENNESSY JOHN L, the Director of Alphabet Inc, sale 1,500 shares at $168.08 during a trade that took place back on May 13 ’24, which means that HENNESSY JOHN L is holding 4,391 shares at $252,123 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 6.74. 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 sum up, Alphabet Inc (GOOG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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