In the past week, GDDY stock has gone down by -1.81%, with a monthly gain of 1.66% and a quarterly surge of 12.39%. The volatility ratio for the week is 1.63%, and the volatility levels for the last 30 days are 1.67% for Godaddy Inc The simple moving average for the past 20 days is 0.77% for GDDY’s stock, with a 18.88% simple moving average for the past 200 days.
Is It Worth Investing in Godaddy Inc (NYSE: GDDY) Right Now?
The price-to-earnings ratio for Godaddy Inc (NYSE: GDDY) is above average at 12.91x, Company’s 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GDDY is 140.13M, and currently, short sellers hold a 2.13% ratio of that floaft. The average trading volume of GDDY on October 25, 2024 was 1.13M shares.
GDDY) stock’s latest price update
Godaddy Inc (NYSE: GDDY)’s stock price has decreased by -0.27 compared to its previous closing price of 161.89. However, the company has seen a -1.81% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-23 that GoDaddy (GDDY) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 1.40% 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 -3.70% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +3.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.39% upper at present.
During the last 5 trading sessions, GDDY fell by -1.81%, which changed the moving average for the period of 200-days by +55.95% in comparison to the 20-day moving average, which settled at $160.22. In addition, Godaddy Inc saw 52.08% 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 Chen Roger, who sale 1,000 shares at the price of $164.16 back on Oct 15 ’24. After this action, Chen Roger now owns 186,632 shares of Godaddy Inc, valued at $164,160 using the latest closing price.
ROGER CHEN, the Officer of Godaddy Inc, proposed sale 1,000 shares at $164.16 during a trade that took place back on Oct 15 ’24, which means that ROGER CHEN is holding shares at $164,160 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 5.96. 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 a nutshell, Godaddy Inc (GDDY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
