In the past week, GOOGL stock has gone down by -2.22%, with a monthly gain of 5.60% and a quarterly plunge of -12.43%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 1.74% for Alphabet Inc The simple moving average for the past 20 days is 0.17% for GOOGL’s stock, with a 2.15% simple moving average for the past 200 days.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOGL) Right Now?
Alphabet Inc (NASDAQ: GOOGL) has a price-to-earnings ratio that is above its average at 23.43x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 25 analysts rating it as a “buy,” 13 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for GOOGL is 5.84B, and at present, short sellers hold a 1.22% of that float. On October 11, 2024, the average trading volume of GOOGL was 25.60M shares.
GOOGL) stock’s latest price update
The stock price of Alphabet Inc (NASDAQ: GOOGL) has jumped by 0.78 compared to previous close of 162.08. Despite this, the company has seen a fall of -2.22% 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.
Analysts’ Opinion of GOOGL
Many brokerage firms have already submitted their reports for GOOGL stocks, with BMO Capital Markets repeating the rating for GOOGL by listing it as a “Outperform.” The predicted price for GOOGL in the upcoming period, according to BMO Capital Markets is $215 based on the research report published on October 09, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see GOOGL reach a price target of $200, previously predicting the price at $206. The rating they have provided for GOOGL stocks is “Overweight” according to the report published on September 10th, 2024.
DA Davidson gave a rating of “Neutral” to GOOGL, setting the target price at $170 in the report published on September 10th of the current year.
GOOGL Trading at 1.18% 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 -14.81% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +3.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.31% lower at present.
During the last 5 trading sessions, GOOGL fell by -2.20%, which changed the moving average for the period of 200-days by +15.46% in comparison to the 20-day moving average, which settled at $163.08. In addition, Alphabet Inc saw 16.94% 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 $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 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 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
To sum up, Alphabet Inc (GOOGL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
