Alphabet Inc (NASDAQ: GOOGL) has seen a rise in its stock price by 0.89 in relation to its previous close of 162.14. However, the company has experienced a 3.89% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-22 that Alphabet was once worth more than Apple. But it’s now a lot less valuable — even though it’s growing a lot faster.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOGL) Right Now?
Alphabet Inc (NASDAQ: GOOGL) has a higher price-to-earnings ratio of 23.47x compared to its average ratio, The 36-month beta value for GOOGL is at 1.04. Analysts have varying views on the stock, with 25 analysts rating it as a “buy,” 13 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for GOOGL is 5.84B, and currently, shorts hold a 1.23% of that float. The average trading volume for GOOGL on September 23, 2024 was 25.45M shares.
GOOGL’s Market Performance
GOOGL’s stock has seen a 3.89% increase for the week, with a -1.36% drop in the past month and a -8.93% fall in the past quarter. The volatility ratio for the week is 1.24%, and the volatility levels for the past 30 days are at 2.16% for Alphabet Inc The simple moving average for the last 20 days is 3.20% for GOOGL stock, with a simple moving average of 3.80% for the last 200 days.
Analysts’ Opinion of GOOGL
Many brokerage firms have already submitted their reports for GOOGL stocks, with Piper Sandler repeating the rating for GOOGL by listing it as a “Overweight.” The predicted price for GOOGL in the upcoming period, according to Piper Sandler is $200 based on the research report published on September 10, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see GOOGL reach a price target of $170. The rating they have provided for GOOGL stocks is “Neutral” according to the report published on September 10th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to GOOGL, setting the target price at $190 in the report published on September 05th of the current year.
GOOGL Trading at -1.21% 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 -14.69% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares sank -0.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.84% lower at present.
During the last 5 trading sessions, GOOGL rose by +3.89%, which changed the moving average for the period of 200-days by +26.55% in comparison to the 20-day moving average, which settled at $158.50. In addition, Alphabet Inc saw 17.11% 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 Pichai Sundar, who sale 22,500 shares at the price of $160.63 back on Sep 18 ’24. After this action, Pichai Sundar now owns 2,114,885 shares of Alphabet Inc, valued at $3,614,164 using the latest closing price.
SUNDAR PICHAI, the Director of Alphabet Inc, proposed sale 22,500 shares at $160.28 during a trade that took place back on Sep 18 ’24, which means that SUNDAR PICHAI is holding shares at $3,606,300 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 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 (GOOGL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
