Alphabet Inc (NASDAQ: GOOGL) has a higher price-to-earnings ratio of 25.18x compared to its average ratio, The 36-month beta value for GOOGL is at 1.01. Analysts have varying views on the stock, with 37 analysts rating it as a “buy,” 14 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for GOOGL is 5.82B, and currently, shorts hold a 1.20% of that float. The average trading volume for GOOGL on December 16, 2024 was 26.42M shares.
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GOOGL) stock’s latest price update
Alphabet Inc (NASDAQ: GOOGL)’s stock price has decreased by -1.11 compared to its previous closing price of 191.96. However, the company has seen a 8.65% increase 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.
GOOGL’s Market Performance
Alphabet Inc (GOOGL) has seen a 8.65% rise in stock performance for the week, with a 6.12% gain in the past month and a 20.09% surge in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.26% for GOOGL. The simple moving average for the past 20 days is 8.11% for GOOGL’s stock, with a 14.07% simple moving average for the past 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 10.63% 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 -2.96% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +8.11% 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, GOOGL rose by +8.65%, which changed the moving average for the period of 200-days by +37.09% in comparison to the 20-day moving average, which settled at $175.57. In addition, Alphabet Inc saw 35.89% 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 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 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 0.03 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 conclusion, Alphabet Inc (GOOGL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
