The stock of Alphabet Inc (GOOG) has seen a 1.98% increase in the past week, with a 6.28% gain in the past month, and a -11.51% decrease in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.90% for GOOG. The simple moving average for the last 20 days is 4.87% for GOOG stock, with a simple moving average of 4.95% for the last 200 days.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
The price-to-earnings ratio for Alphabet Inc (NASDAQ: GOOG) is 24.18x, which is above its average ratio. Moreover, the 36-month beta value for GOOG is 1.04. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GOOG is 5.19B and currently, short sellers hold a 0.83% of that float. On October 07, 2024, GOOG’s average trading volume was 17.87M shares.
GOOG) stock’s latest price update
The stock of Alphabet Inc (NASDAQ: GOOG) has increased by 0.81 when compared to last closing price of 167.21. Despite this, the company has experienced a 1.98% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-06 that Two stocks are poised to close the gap in the not-so-distant future.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with Pivotal Research Group repeating the rating for GOOG by listing it as a “Buy.” The predicted price for GOOG in the upcoming period, according to Pivotal Research Group is $215 based on the research report published on October 01, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $220, previously predicting the price at $200. The rating they have provided for GOOG stocks is “Buy” according to the report published on July 10th, 2024.
Rosenblatt gave a rating of “Neutral” to GOOG, setting the target price at $181 in the report published on June 28th of the current year.
GOOG Trading at 3.02% 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 -12.80% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.35% lower at present.
During the last 5 trading sessions, GOOG rose by +1.98%, which changed the moving average for the period of 200-days by +22.87% in comparison to the 20-day moving average, which settled at $161.55. In addition, Alphabet Inc saw 19.61% 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 $167.07 back on Oct 02 ’24. After this action, Pichai Sundar now owns 2,129,306 shares of Alphabet Inc, valued at $3,759,083 using the latest closing price.
O’Toole Amie Thuener, the VP, Chief Accounting Officer of Alphabet Inc, sale 1,367 shares at $168.84 during a trade that took place back on Oct 01 ’24, which means that O’Toole Amie Thuener is holding 29,183 shares at $230,804 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 283.05.
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 6.3. 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 (GOOG) has been better in recent times. The stock has received a bullish 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.
