Godaddy Inc’s (GDDY) Stock: A Week-by-Week Analysis

In the past week, GDDY stock has gone down by -1.03%, with a monthly gain of 1.51% and a quarterly surge of 12.36%. The volatility ratio for the week is 1.35%, and the volatility levels for the last 30 days are 1.81% for Godaddy Inc The simple moving average for the past 20 days is 0.83% for GDDY’s stock, with a 27.99% simple moving average for the past 200 days.

Is It Worth Investing in Godaddy Inc (NYSE: GDDY) Right Now?

Godaddy Inc (NYSE: GDDY) has a higher price-to-earnings ratio of 11.76x compared to its average ratio, The 36-month beta value for GDDY is at 1.14. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”

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The public float for GDDY is 140.06M, and currently, shorts hold a 2.55% of that float. The average trading volume for GDDY on July 10, 2024 was 1.86M shares.

GDDY) stock’s latest price update

The stock price of Godaddy Inc (NYSE: GDDY) has plunged by -2.02 when compared to previous closing price of 144.38, but the company has seen a -1.03% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-08 that TEMPE, Ariz., July 8, 2024 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) will release financial results for the second quarter of 2024 on Thursday, August 1, 2024, after the U.S. stock market closes.

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 3.61% 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 -2.68% of loss for the given period.

Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares sank -0.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.00% upper at present.

During the last 5 trading sessions, GDDY fell by -1.18%, which changed the moving average for the period of 200-days by +93.06% in comparison to the 20-day moving average, which settled at $140.26. In addition, Godaddy Inc saw 33.26% 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 Bhutani Amanpal Singh, who sale 4,500 shares at the price of $139.79 back on Jul 01 ’24. After this action, Bhutani Amanpal Singh now owns 365,398 shares of Godaddy Inc, valued at $629,055 using the latest closing price.

Chen Roger, the Chief Operating Officer of Godaddy Inc, sale 4,000 shares at $139.79 during a trade that took place back on Jul 01 ’24, which means that Chen Roger is holding 192,632 shares at $559,160 based on the most recent closing price.

Stock Fundamentals for GDDY

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.59 for the gross margin

The net margin for Godaddy Inc stands at 0.4. The total capital return value is set at 0.13. Equity return is now at value 6141.30, with 23.19 for asset returns.

Based on Godaddy Inc (GDDY), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 9.26. The interest coverage ratio of the stock is 3.93.

Currently, EBITDA for the company is 805.3 million with net debt to EBITDA at 3.68. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 46.06for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.

Conclusion

In conclusion, Godaddy Inc (GDDY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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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