Alphabet Inc (NASDAQ: GOOG) has a higher price-to-earnings ratio of 23.68x 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.”
The public float for GOOG is 5.19B, and currently, shorts hold a 0.81% of that float. The average trading volume for GOOG on September 03, 2024 was 17.56M shares.
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GOOG) stock’s latest price update
Alphabet Inc (NASDAQ: GOOG) has experienced a rise in its stock price by 1.05 compared to its previous closing price of 163.40. However, the company has seen a fall of -1.39% in its stock price over the last five trading days. pymnts.com reported 2024-09-02 that Google Pay has introduced several new offerings via India’s United Payments Interface (UPI). The tech giant announced the new features on its blog last week at the conclusion of the Global Fintech Fest in Mumbai, saying they would help “bring ease, convenience and simplicity to the way India interacts with payments and finance.
GOOG’s Market Performance
Alphabet Inc (GOOG) has experienced a -1.39% fall in stock performance for the past week, with a -4.26% drop in the past month, and a -5.09% drop in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.23% for GOOG. The simple moving average for the past 20 days is 0.08% for GOOG’s stock, with a 4.76% 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 -5.76% 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 -14.59% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.09% lower at present.
During the last 5 trading sessions, GOOG fell by -1.39%, which changed the moving average for the period of 200-days by +23.55% in comparison to the 20-day moving average, which settled at $164.81. In addition, Alphabet Inc saw 17.16% 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 Pichai Sundar, who sale 22,500 shares at the price of $167.66 back on Aug 21 ’24. After this action, Pichai Sundar now owns 2,159,885 shares of Alphabet Inc, valued at $3,772,441 using the latest closing price.
PICHAI FAMILY FOUNDATION, the Director of Alphabet Inc, proposed sale 4,000 shares at $168.96 during a trade that took place back on Aug 21 ’24, which means that PICHAI FAMILY FOUNDATION is holding shares at $675,840 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 286.52.
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 6.16. 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.
