The stock price of Alphabet Inc (NASDAQ: GOOG) has surged by 2.22 when compared to previous closing price of 164.74, but the company has seen a 2.71% gain in its stock price over the last five trading sessions. youtube.com reported 2024-08-19 that ‘Mad Money’ host Jim Cramer looks back at Google’s 20 years as a public company.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a higher price-to-earnings ratio of 24.16x compared to its average ratio, The 36-month beta value for GOOG is at 1.05. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GOOG is 5.18B, and currently, shorts hold a 0.79% of that float. The average trading volume for GOOG on August 20, 2024 was 17.68M shares.
GOOG’s Market Performance
GOOG stock saw a decrease of 2.71% in the past week, with a monthly decline of -6.13% and a quarterly a decrease of -5.01%. The volatility ratio for the week is 1.91%, and the volatility levels for the last 30 days are 2.37% for Alphabet Inc (GOOG). The simple moving average for the past 20 days is 0.03% for GOOG’s stock, with a 7.96% 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 -4.96% 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 -12.89% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -8.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.58% lower at present.
During the last 5 trading sessions, GOOG rose by +2.71%, which changed the moving average for the period of 200-days by +34.40% in comparison to the 20-day moving average, which settled at $167.61. In addition, Alphabet Inc saw 19.49% 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 HENNESSY JOHN L, who sale 700 shares at the price of $165.00 back on Aug 16 ’24. After this action, HENNESSY JOHN L now owns 29,324 shares of Alphabet Inc, valued at $115,500 using the latest closing price.
RAGHAVAN PRABHAKAR, the Senior Vice President of Alphabet Inc, sale 34,257 shares at $162.60 during a trade that took place back on Aug 15 ’24, which means that RAGHAVAN PRABHAKAR is holding 312,210 shares at $5,570,218 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 6.29. 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 conclusion, Alphabet Inc (GOOG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
