At the time of writing, Alphabet Inc [GOOG] stock is trading at $148.48, up 4.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOOG shares have gain 6.87% over the last week, with a monthly amount glided 3.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities reaffirmed its Buy rating on January 31, 2023, and elevated its price target to $119. On October 11, 2022, Credit Suisse reiterated its Outperform rating and revised its price target to $134 on the stock. MKM Partners reiterated its Buy rating and decreased its price target to $140 on July 18, 2022. Cowen reiterated its recommendation of a Outperform and reduced its price target to $3000 on July 13, 2022. Deutsche Bank started tracking with a Buy rating for this stock on March 11, 2022, and assigned it a price target of $3150. In a note dated February 02, 2022, Monness Crespi & Hardt reiterated an Buy rating on this stock and boosted its target price from $3660 to $3850.
For the past year, the stock price of Alphabet Inc fluctuated between $95.87 and $155.20. Currently, Wall Street analysts expect the stock to reach $199.09 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $148.48 at the most recent close of the market. An investor can expect a potential return of 34.09% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
According to Alphabet Inc [NASDAQ:GOOG], the company’s sales were 307.16B for trailing twelve months, which represents an 14.30% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.27 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 146.77 points at the first support level, and at 145.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 151.56, and for the 2nd resistance point, it is at 154.64.
Alphabet Inc [GOOG] reported earnings per share of $1.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.46/share, meaning a difference of $0.04 and a surprise factor of 2.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.41 per share as compared to estimates of $1.32 per share, a difference of $0.09 representing a surprise of 6.80%.
Ratios To Look Out For
It is important to note that Alphabet Inc [NASDAQ:GOOG] has a current ratio of 2.10. As well, the Quick Ratio is 2.10, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 6.01, the price to book ratio is 6.53 and price to earnings (TTM) ratio is 25.58.
Transactions by insiders
Recent insider trading involved HENNESSY JOHN L, Director, that happened on Mar 12 ’24 when 300.0 shares were sold. President, CFO, Porat Ruth completed a deal on Mar 08 ’24 to sell 48077.0 shares. Meanwhile, Chief Executive Officer Pichai Sundar sold 22500.0 shares on Mar 06 ’24.
