Godaddy Inc (NYSE: GDDY) has a price-to-earnings ratio of 12.35x that is above its average ratio. Additionally, the 36-month beta value for GDDY is 1.12. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for GDDY is 140.12M and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of GDDY on October 04, 2024 was 1.19M shares.
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GDDY) stock’s latest price update
Godaddy Inc (NYSE: GDDY) has seen a decline in its stock price by -0.35 in relation to its previous close of 154.95. However, the company has experienced a -0.78% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-02 that GoDaddy survey reveals consumers willing to inconvenience themselves to save money TEMPE, Ariz., Oct. 2, 2024 /PRNewswire/ — A new survey by GoDaddy set out to uncover how much convenience is worth to consumers.
GDDY’s Market Performance
Godaddy Inc (GDDY) has experienced a -0.78% fall in stock performance for the past week, with a -1.83% drop in the past month, and a 7.24% rise in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.94% for GDDY. The simple moving average for the last 20 days is -0.14% for GDDY stock, with a simple moving average of 17.62% for the last 200 days.
Analysts’ Opinion of GDDY
Many brokerage firms have already submitted their reports for GDDY stocks, with Piper Sandler repeating the rating for GDDY by listing it as a “Neutral.” The predicted price for GDDY in the upcoming period, according to Piper Sandler is $172 based on the research report published on September 23, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see GDDY reach a price target of $170. The rating they have provided for GDDY stocks is “Neutral” according to the report published on September 05th, 2024.
B. Riley Securities gave a rating of “Buy” to GDDY, setting the target price at $170 in the report published on July 12th of the current year.
GDDY Trading at -0.75% from the 50-Day Moving Average
After a stumble in the market that brought GDDY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.90% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +0.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.82% upper at present.
During the last 5 trading sessions, GDDY fell by -0.78%, which changed the moving average for the period of 200-days by +46.95% in comparison to the 20-day moving average, which settled at $154.70. In addition, Godaddy Inc saw 45.45% 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 GDDY starting from McCaffrey Mark, who sale 5,500 shares at the price of $155.60 back on Oct 01 ’24. After this action, McCaffrey Mark now owns 93,102 shares of Godaddy Inc, valued at $855,800 using the latest closing price.
McCaffrey Mark, the Chief Financial Officer of Godaddy Inc, sale 624 shares at $153.39 during a trade that took place back on Oct 02 ’24, which means that McCaffrey Mark is holding 92,478 shares at $95,715 based on the most recent closing price.
Stock Fundamentals for GDDY
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.59 for the gross margin
The net margin for Godaddy Inc stands at 0.41. The total capital return value is set at 0.16. Equity return is now at value 6141.30, with 24.95 for asset returns.
Based on Godaddy Inc (GDDY), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 24.43. The interest coverage ratio of the stock is 4.63.
Currently, EBITDA for the company is 805.3 million with net debt to EBITDA at 3.68. When we switch over and look at the enterprise to sales, we see a ratio of 5.74. The receivables turnover for the company is 47.36for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In conclusion, Godaddy Inc (GDDY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
