Godaddy Inc (NYSE: GDDY)’s stock price has increased by 1.45 compared to its previous closing price of 187.40. However, the company has seen a 0.73% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-20 that TEMPE, Ariz. , Nov. 20, 2024 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will present at the UBS Global Technology Conference in Scottsdale, Arizona on Wednesday, Dec. 4, 2024 at 10:15 a.m.
Is It Worth Investing in Godaddy Inc (NYSE: GDDY) Right Now?
Godaddy Inc (NYSE: GDDY) has a higher price-to-earnings ratio of 14.70x compared to its average ratio. GDDY has 36-month beta value of 1.13. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for GDDY is 139.54M, and currently, short sellers hold a 2.50% ratio of that float. The average trading volume of GDDY on November 21, 2024 was 1.12M shares.
GDDY’s Market Performance
GDDY stock saw an increase of 0.73% in the past week, with a monthly gain of 16.17% and a quarterly increase of 17.05%. The volatility ratio for the week is 2.27%, and the volatility levels for the last 30 days are 2.34% for Godaddy Inc (GDDY). The simple moving average for the last 20 days is 8.98% for GDDY stock, with a simple moving average of 33.65% for the last 200 days.
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 15.27% 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 -0.05% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +17.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.55% upper at present.
During the last 5 trading sessions, GDDY rose by +0.73%, which changed the moving average for the period of 200-days by +73.63% in comparison to the 20-day moving average, which settled at $174.45. In addition, Godaddy Inc saw 79.09% 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 Sine Jared F., who sale 17 shares at the price of $183.02 back on Nov 15 ’24. After this action, Sine Jared F. now owns 68,891 shares of Godaddy Inc, valued at $3,111 using the latest closing price.
Palitwanon Phontip, the Chief Accounting Officer of Godaddy Inc, sale 1 shares at $183.02 during a trade that took place back on Nov 15 ’24, which means that Palitwanon Phontip is holding 23,829 shares at $183 based on the most recent closing price.
Stock Fundamentals for GDDY
Current profitability levels for the company are sitting at:
- 0.19 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 0.17. Equity return is now at value 6141.30, with 25.81 for asset returns.
Based on Godaddy Inc (GDDY), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 10.65. The interest coverage ratio of the stock is 4.63.
Currently, EBITDA for the company is 821.6 million with net debt to EBITDA at 3.05. When we switch over and look at the enterprise to sales, we see a ratio of 6.66. The receivables turnover for the company is 49.36for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
To put it simply, Godaddy Inc (GDDY) has had a better performance in recent times. Analysts have a mixed 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.
