The stock price of Alphabet Inc (NASDAQ: GOOGL) has plunged by -1.76 when compared to previous closing price of 175.58, but the company has seen a -3.29% decline 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: GOOGL) Right Now?
Alphabet Inc (NASDAQ: GOOGL) has a price-to-earnings ratio of 22.88x that is above its average ratio. Additionally, the 36-month beta value for GOOGL is 1.03. There are mixed opinions on the stock, with 36 analysts rating it as a “buy,” 13 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GOOGL is 5.83B and currently, short sellers hold a 1.10% ratio of that float. The average trading volume of GOOGL on November 18, 2024 was 24.48M shares.
GOOGL’s Market Performance
The stock of Alphabet Inc (GOOGL) has seen a -3.29% decrease in the past week, with a 5.87% rise in the past month, and a 3.49% 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 1.95% for GOOGL. The simple moving average for the last 20 days is 0.38% for GOOGL stock, with a simple moving average of 5.63% for the last 200 days.
Analysts’ Opinion of GOOGL
Truist, on the other hand, stated in their research note that they expect to see GOOGL reach a price target of $220, previously predicting the price at $196. The rating they have provided for GOOGL stocks is “Buy” according to the report published on October 16th, 2024.
Goldman gave a rating of “Buy” to GOOGL, setting the target price at $208 in the report published on October 14th of the current year.
GOOGL Trading at 4.15% 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 -10.04% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +5.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.29% upper at present.
During the last 5 trading sessions, GOOGL fell by -3.29%, which changed the moving average for the period of 200-days by +22.19% in comparison to the 20-day moving average, which settled at $171.84. In addition, Alphabet Inc saw 23.48% 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 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 GOOGL
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 (GOOGL), 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
In conclusion, Alphabet Inc (GOOGL) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
