Alphabet Inc (NASDAQ: GOOGL) has a price-to-earnings ratio that is above its average at 27.94x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 25 analysts rating it as a “buy,” 13 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for GOOGL is 5.86B, and at present, short sellers hold a 1.19% of that float. On July 01, 2024, the average trading volume of GOOGL was 26.33M shares.
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GOOGL) stock’s latest price update
Alphabet Inc (NASDAQ: GOOGL) has experienced a decline in its stock price by -1.76 compared to its previous closing price of 185.41. However, the company has seen a gain of 1.40% in its stock price over the last five trading days. fool.com reported 2024-06-30 that Alphabet’s Google Search conducts about 8.5 billion web searches every day. Momentum and value make Meta a stock to watch for the next six months.
GOOGL’s Market Performance
Alphabet Inc (GOOGL) has experienced a 1.40% rise in stock performance for the past week, with a 3.55% rise in the past month, and a 20.69% rise in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.74% for GOOGL. The simple moving average for the last 20 days is 2.90% for GOOGL’s stock, with a simple moving average of 23.49% for the last 200 days.
Analysts’ Opinion of GOOGL
Many brokerage firms have already submitted their reports for GOOGL stocks, with Mizuho repeating the rating for GOOGL by listing it as a “Buy.” The predicted price for GOOGL in the upcoming period, according to Mizuho is $170 based on the research report published on January 17, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see GOOGL reach a price target of $170. The rating they have provided for GOOGL stocks is “Outperform” according to the report published on January 09th, 2024.
GOOGL Trading at 6.20% from the 50-Day Moving Average
After a stumble in the market that brought GOOGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.10% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +5.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.16% upper at present.
During the last 5 trading sessions, GOOGL rose by +1.40%, which changed the moving average for the period of 200-days by +34.59% in comparison to the 20-day moving average, which settled at $177.52. In addition, Alphabet Inc saw 30.40% 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 GOOGL starting from Pichai Sundar, who sale 22,500 shares at the price of $177.40 back on Jun 20 ’24. After this action, Pichai Sundar now owns 2,213,011 shares of Alphabet Inc, valued at $3,991,479 using the latest closing price.
HENNESSY JOHN L, the Director of Alphabet Inc, sale 1,500 shares at $177.92 during a trade that took place back on Jun 12 ’24, which means that HENNESSY JOHN L is holding 3,727 shares at $266,885 based on the most recent closing price.
Stock Fundamentals for GOOGL
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 (GOOGL), 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 100.03 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 7.11. 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 (GOOGL) 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.
