Alphabet Inc (NASDAQ: GOOG) has seen a rise in its stock price by 1.61 in relation to its previous close of 163.17. However, the company has experienced a 0.24% gain in its stock price over the last five trading sessions. marketwatch.com reported 2024-08-16 that The eighth time appears to be the charm for bears on Google parent Alphabet Inc.’s stock, which is heading for a record weekly losing streak as the internet-search giant faces competition, regulatory and even some social-media concerns.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
The price-to-earnings ratio for Alphabet Inc (NASDAQ: GOOG) is above average at 23.78x, Company’s 36-month beta value is 1.05.Analysts have differing opinions on the stock, 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 5.19B, and currently, short sellers hold a 0.78% ratio of that floaft. The average trading volume of GOOG on August 16, 2024 was 17.68M shares.
GOOG’s Market Performance
GOOG’s stock has seen a 0.24% increase for the week, with a -7.49% drop in the past month and a -5.50% fall in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.42% for Alphabet Inc The simple moving average for the past 20 days is -1.95% for GOOG’s stock, with a 6.42% simple moving average for the past 200 days.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with TD Cowen repeating the rating for GOOG by listing it as a “Buy.” The predicted price for GOOG in the upcoming period, according to TD Cowen is $220 based on the research report published on July 10, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $181. The rating they have provided for GOOG stocks is “Neutral” according to the report published on June 28th, 2024.
Oppenheimer gave a rating of “Outperform” to GOOG, setting the target price at $185 in the report published on April 08th of the current year.
GOOG Trading at -6.56% 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 -14.24% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -7.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.90% lower at present.
During the last 5 trading sessions, GOOG rose by +0.74%, which changed the moving average for the period of 200-days by +32.50% in comparison to the 20-day moving average, which settled at $168.45. In addition, Alphabet Inc saw 17.64% 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 PRABHAKAR RAGHAVAN, who proposed sale 34,257 shares at the price of $162.03 back on Aug 15 ’24. After this action, PRABHAKAR RAGHAVAN now owns shares of Alphabet Inc, valued at $5,550,662 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 GOOG
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 (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 7.13. 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 6.17. 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
In a nutshell, Alphabet Inc (GOOG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
