The stock of Alphabet Inc (NASDAQ: GOOG) has increased by 0.86 when compared to last closing price of 163.18.Despite this, the company has seen a loss of -2.36% in its stock price over the last five trading days. zacks.com reported 2024-10-11 that Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a higher price-to-earnings ratio of 23.61x 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 5.19B, and currently, shorts hold a 0.70% of that float. The average trading volume for GOOG on October 11, 2024 was 17.92M shares.
GOOG’s Market Performance
GOOG’s stock has seen a -2.36% decrease for the week, with a 5.81% rise in the past month and a -12.55% fall in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 1.71% for Alphabet Inc The simple moving average for the past 20 days is 0.16% for GOOG’s stock, with a 2.00% simple moving average for the past 200 days.
Analysts’ Opinion of GOOG
Pivotal Research Group, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $215. The rating they have provided for GOOG stocks is “Buy” according to the report published on October 01st, 2024.
TD Cowen gave a rating of “Buy” to GOOG, setting the target price at $220 in the report published on July 10th of the current year.
GOOG Trading at 1.05% 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 -14.86% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.56% lower at present.
During the last 5 trading sessions, GOOG fell by -2.36%, which changed the moving average for the period of 200-days by +15.24% in comparison to the 20-day moving average, which settled at $164.32. In addition, Alphabet Inc saw 16.78% 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 6.15. 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.
