The stock of Alphabet Inc (NASDAQ: GOOGL) has increased by 1.03 when compared to last closing price of 161.30. Despite this, the company has experienced a -0.43% fall in its stock price over the last five trading sessions. fool.com reported 2024-08-18 that Nvidia is one of the largest companies in the world with a market cap of $2.8 trillion. Alphabet can surpass its market cap due to increases in digital advertising and cloud computing.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOGL) Right Now?
The price-to-earnings ratio for Alphabet Inc (NASDAQ: GOOGL) is 23.38x, which is above its average ratio. Moreover, the 36-month beta value for GOOGL is 1.05. Analysts have varying opinions on the stock, 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 currently, short sellers hold a 1.13% of that float. On August 19, 2024, GOOGL’s average trading volume was 25.10M shares.
GOOGL’s Market Performance
GOOGL’s stock has seen a -0.43% decrease for the week, with a -8.29% drop in the past month and a -6.44% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.43% for Alphabet Inc The simple moving average for the past 20 days is -2.63% for GOOGL’s stock, with a 5.59% 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 -7.32% 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 -15.01% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -8.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.10% lower at present.
During the last 5 trading sessions, GOOGL fell by -0.43%, which changed the moving average for the period of 200-days by +30.93% in comparison to the 20-day moving average, which settled at $166.62. In addition, Alphabet Inc saw 16.66% 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 RAGHAVAN PRABHAKAR, who sale 34,257 shares at the price of $162.60 back on Aug 15 ’24. After this action, RAGHAVAN PRABHAKAR now owns 312,210 shares of Alphabet Inc, valued at $5,570,218 using the latest closing price.
PRABHAKAR RAGHAVAN, the Officer of Alphabet Inc, proposed sale 34,257 shares at $162.03 during a trade that took place back on Aug 15 ’24, which means that PRABHAKAR RAGHAVAN is holding shares at $5,550,662 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 6.15. 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 wrap up, the performance of Alphabet Inc (GOOGL) has been mixed in recent times. The stock has received a mixed of “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.
