In the past week, GOOG stock has gone down by -3.91%, with a monthly gain of 1.56% and a quarterly plunge of -0.50%. The volatility ratio for the week is 2.90%, and the volatility levels for the last 30 days are 2.23% for Alphabet Inc The simple moving average for the last 20 days is -4.81% for GOOG stock, with a simple moving average of 0.99% for the last 200 days.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
Alphabet Inc (NASDAQ: GOOG) has a price-to-earnings ratio of 22.16x that is above its average ratio. Additionally, the 36-month beta value for GOOG is 1.03. There are mixed opinions on the stock, with 36 analysts rating it as a “buy,” 14 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it 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 22, 2024 was 17.83M shares.
GOOG) stock’s latest price update
The stock of Alphabet Inc (NASDAQ: GOOG) has decreased by -1.27 when compared to last closing price of 169.24. Despite this, the company has experienced a -3.91% fall in its stock price over the last five trading sessions. techxplore.com reported 2024-11-22 that Apple and Google aren’t giving consumers a genuine choice of mobile web browsers, a British watchdog said Friday in a report that recommends they face an investigation under new U.K. digital rules taking effect next year.
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 -1.19% 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 -13.56% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.63% upper at present.
During the last 5 trading sessions, GOOG fell by -3.80%, which changed the moving average for the period of 200-days by +13.63% in comparison to the 20-day moving average, which settled at $175.54. In addition, Alphabet Inc saw 18.56% 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 Pichai Sundar, who sale 22,500 shares at the price of $176.67 back on Nov 20 ’24. After this action, Pichai Sundar now owns 2,061,806 shares of Alphabet Inc, valued at $3,975,018 using the latest closing price.
SUNDAR PICHAI, the Director of Alphabet Inc, proposed sale 22,500 shares at $179.58 during a trade that took place back on Nov 20 ’24, which means that SUNDAR PICHAI is holding shares at $4,040,550 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 5.98. 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 (GOOG) has seen mixed 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’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.
