Alphabet Inc (NASDAQ: GOOGL)’s stock price has gone decline by -0.84 in comparison to its previous close of 163.67, however, the company has experienced a 1.91% increase in its stock price over the last five trading days. pymnts.com reported 2024-08-12 that Google will reportedly make a more aggressive push into consumer devices with the upcoming launch of its latest Pixel smartphones. The company signaled this effort by moving up the launch of the phone from October to August, scheduling it before the debut of the next iPhone from its rival, Apple, Bloomberg reported Monday (Aug. 12).
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOGL) Right Now?
Alphabet Inc (NASDAQ: GOOGL) has a price-to-earnings ratio that is above its average at 23.28x. 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.”
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The public float for GOOGL is 5.84B, and at present, short sellers hold a 1.12% of that float. On August 13, 2024, the average trading volume of GOOGL was 25.21M shares.
GOOGL’s Market Performance
GOOGL’s stock has seen a 1.91% increase for the week, with a -12.31% drop in the past month and a -3.77% fall in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.52% for Alphabet Inc The simple moving average for the past 20 days is -5.32% for GOOGL’s stock, with a 5.63% simple moving average for the past 200 days.
Analysts’ Opinion of GOOGL
Many brokerage firms have already submitted their reports for GOOGL stocks, with Wells Fargo repeating the rating for GOOGL by listing it as a “Equal Weight.” The predicted price for GOOGL in the upcoming period, according to Wells Fargo is $190 based on the research report published on July 24, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see GOOGL reach a price target of $204, previously predicting the price at $200. The rating they have provided for GOOGL stocks is “Neutral” according to the report published on July 24th, 2024.
Truist gave a rating of “Buy” to GOOGL, setting the target price at $196 in the report published on July 24th of the current year.
GOOGL Trading at -8.16% 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 -15.36% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -13.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.71% lower at present.
During the last 5 trading sessions, GOOGL rose by +1.91%, which changed the moving average for the period of 200-days by +16.92% in comparison to the 20-day moving average, which settled at $170.20. In addition, Alphabet Inc saw 16.18% 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 HENNESSY JOHN L, who proposed sale 1,500 shares at the price of $185.08 back on Aug 12 ’24. After this action, HENNESSY JOHN L now owns shares of Alphabet Inc, valued at $277,620 using the latest closing price.
HENNESSY JOHN L, the Director of Alphabet Inc, sale 800 shares at $163.03 during a trade that took place back on Aug 12 ’24, which means that HENNESSY JOHN L is holding 30,024 shares at $130,421 based on the most recent closing price.
Stock Fundamentals for GOOGL
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.57 for the gross margin
The net margin for Alphabet Inc stands at 0.27. The total capital return value is set at 0.29. Equity return is now at value 30.87, with 21.97 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 7.13. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 355.32.
Currently, EBITDA for the company is 100.03 billion with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 6.12. The receivables turnover for the company is 6.97for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
To sum up, Alphabet Inc (GOOGL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
