Alphabet Inc (NASDAQ: GOOG) has a price-to-earnings ratio that is above its average at 25.74x. The stock has a 36-month beta value of 1.01. Opinions on the stock are mixed, with 37 analysts rating it as a “buy,” 14 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for GOOG is 5.14B, and at present, short sellers hold a 0.97% of that float. On December 30, 2024, the average trading volume of GOOG was 18.67M shares.
GOOG) stock’s latest price update
Alphabet Inc (NASDAQ: GOOG) has experienced a decline in its stock price by -1.55 compared to its previous closing price of 197.10. However, the company has seen a gain of 2.29% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-29 that Google is poised to lead in AI, despite anti-trust concerns and competition from OpenAI and Microsoft. The launch of Gemini 2.0 solidifies Google’s dominance in search and AI, reducing fears of losing market share to competitors. Apple appears more concerned about losing Google default search payments in a sign of market dynamic favoring Google.
GOOG’s Market Performance
Alphabet Inc (GOOG) has experienced a 2.29% rise in stock performance for the past week, with a 13.73% rise in the past month, and a 17.39% rise in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.41% for GOOG. The simple moving average for the last 20 days is 3.72% for GOOG’s stock, with a simple moving average of 13.80% 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 8.76% 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 -4.36% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares surge +13.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.37% upper at present.
During the last 5 trading sessions, GOOG rose by +2.29%, which changed the moving average for the period of 200-days by +37.84% in comparison to the 20-day moving average, which settled at $187.08. In addition, Alphabet Inc saw 37.69% 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 O’Toole Amie Thuener, who sale 2,834 shares at the price of $197.55 back on Dec 16 ’24. After this action, O’Toole Amie Thuener now owns 20,681 shares of Alphabet Inc, valued at $559,850 using the latest closing price.
HENNESSY JOHN L, the Director of Alphabet Inc, sale 1,500 shares at $194.22 during a trade that took place back on Dec 12 ’24, which means that HENNESSY JOHN L is holding 23,324 shares at $291,336 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 6.99. 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
To sum up, Alphabet Inc (GOOG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
