The stock price of Alphabet Inc (NASDAQ: GOOG) has plunged by -1.16 when compared to previous closing price of 193.63, but the company has seen a 8.44% gain in its stock price over the last five trading sessions. fool.com reported 2024-12-15 that Knowing reasons why an investment could fail is just as important as knowing why it could succeed. This is vital for investing in a company like Alphabet (GOOG -1.16%) (GOOGL -1.11%), as it is displaying two contrasting signals to investors.
Is It Worth Investing in Alphabet Inc (NASDAQ: GOOG) Right Now?
The price-to-earnings ratio for Alphabet Inc (NASDAQ: GOOG) is above average at 25.39x. The 36-month beta value for GOOG is also noteworthy at 1.01. There are mixed opinions on the stock, with 37 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 at present, short sellers hold a 0.81% of that float. The average trading volume of GOOG on December 16, 2024 was 18.14M shares.
GOOG’s Market Performance
GOOG stock saw an increase of 8.44% in the past week, with a monthly gain of 6.03% and a quarterly increase of 20.37%. The volatility ratio for the week is 2.71%, and the volatility levels for the last 30 days are 2.21% for Alphabet Inc (GOOG). The simple moving average for the last 20 days is 8.03% for GOOG stock, with a simple moving average of 13.99% for the last 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 10.53% 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 -2.80% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +7.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.45% upper at present.
During the last 5 trading sessions, GOOG rose by +8.44%, which changed the moving average for the period of 200-days by +36.92% in comparison to the 20-day moving average, which settled at $177.15. In addition, Alphabet Inc saw 35.80% 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 HENNESSY JOHN L, who sale 1,500 shares at the price of $194.22 back on Dec 12 ’24. After this action, HENNESSY JOHN L now owns 23,324 shares of Alphabet Inc, valued at $291,336 using the latest closing price.
HENNESSY JOHN L, the Director of Alphabet Inc, proposed sale 1,500 shares at $195.00 during a trade that took place back on Dec 12 ’24, which means that HENNESSY JOHN L is holding shares at $292,500 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 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 9.66. The debt to equity ratio resting at 0.03. 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 6.88. 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 summary, Alphabet Inc (GOOG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
