Alphabet Inc (NASDAQ: GOOGL) has a higher price-to-earnings ratio of 25.57x compared to its average ratio. GOOGL has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 37 analysts rating it as a “buy,” 14 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for GOOGL is 5.82B, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of GOOGL on December 30, 2024 was 27.55M shares.
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GOOGL) stock’s latest price update
The stock price of Alphabet Inc (NASDAQ: GOOGL) has dropped by -1.45 compared to previous close of 195.60. Despite this, the company has seen a gain of 2.25% 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.
GOOGL’s Market Performance
GOOGL’s stock has risen by 2.25% in the past week, with a monthly rise of 13.98% and a quarterly rise of 17.57%. The volatility ratio for the week is 2.32% while the volatility levels for the last 30 days are 2.43% for Alphabet Inc. The simple moving average for the past 20 days is 3.89% for GOOGL’s stock, with a 14.05% 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 9.01% 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 -4.30% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +13.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.71% upper at present.
During the last 5 trading sessions, GOOGL rose by +2.25%, which changed the moving average for the period of 200-days by +37.89% in comparison to the 20-day moving average, which settled at $185.54. In addition, Alphabet Inc saw 37.99% 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 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 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 6.99. 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 put it simply, Alphabet Inc (GOOGL) has had a better performance in recent times. Analysts have a bullish 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.
