Alphabet Inc (NASDAQ: GOOG)’s stock price has decreased by -1.95 compared to its previous closing price of 177.35. However, the company has seen a -3.32% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-17 that YouTube’s revenue is often underreported, I aim to fix this by calculating its subscription revenue. To gauge YouTube’s margins I compare its expenses to that of Netflix. My Free Cash Flow valuation of Alphabet suggests a value of $210, leading me to assign them a BUY.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a higher price-to-earnings ratio of 23.07x compared to its average ratio. GOOG has 36-month beta value of 1.04. Analysts have mixed views on the stock, with 36 analysts rating it as a “buy,” 14 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for GOOG is 5.14B, and currently, short sellers hold a 0.79% ratio of that float. The average trading volume of GOOG on November 18, 2024 was 17.31M shares.
GOOG’s Market Performance
GOOG’s stock has seen a -3.32% decrease for the week, with a 5.70% rise in the past month and a 3.26% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.93% for Alphabet Inc The simple moving average for the past 20 days is 0.25% for GOOG’s stock, with a 5.55% simple moving average for the past 200 days.
Analysts’ Opinion of GOOG
Many brokerage firms have already submitted their reports for GOOG stocks, with Seaport Research Partners repeating the rating for GOOG by listing it as a “Buy.” The predicted price for GOOG in the upcoming period, according to Seaport Research Partners is $200 based on the research report published on October 30, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see GOOG reach a price target of $212. The rating they have provided for GOOG stocks is “Sector Outperform” according to the report published on October 11th, 2024.
Pivotal Research Group gave a rating of “Buy” to GOOG, setting the target price at $215 in the report published on October 01st of the current year.
GOOG Trading at 4.12% 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 -10.05% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.30% upper at present.
During the last 5 trading sessions, GOOG fell by -3.32%, which changed the moving average for the period of 200-days by +21.85% in comparison to the 20-day moving average, which settled at $173.46. In addition, Alphabet Inc saw 23.39% 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 The Lawrence Page Trust, who proposed sale 217,020 shares at the price of $178.24 back on Nov 14 ’24. After this action, The Lawrence Page Trust now owns shares of Alphabet Inc, valued at $38,681,645 using the latest closing price.
The Lawrence Page Trust II, the Affiliate of Alphabet Inc, proposed sale 9,320 shares at $178.24 during a trade that took place back on Nov 14 ’24, which means that The Lawrence Page Trust II is holding shares at $1,661,197 based on the most recent closing price.
Stock Fundamentals for GOOG
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.58 for the gross margin
The net margin for Alphabet Inc stands at 0.28. The total capital return value is set at 0.3. Equity return is now at value 32.10, with 22.80 for asset returns.
Based on Alphabet Inc (GOOG), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 7.77. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 370.12.
Currently, EBITDA for the company is 97.97 billion with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 6.26. The receivables turnover for the company is 6.92for 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 1.95.
Conclusion
To put it simply, Alphabet Inc (GOOG) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
