A share price of Alphabet Inc [GOOG] is currently trading at $155.87, down -0.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GOOG shares have gain 3.12% over the last week, with a monthly amount glided 12.88%, 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.
Alphabet Inc experienced fluctuations in its stock price throughout the past year between $102.38 and $157.00. Currently, Wall Street analysts expect the stock to reach $155.26 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $155.87 at the most recent close of the market. An investor can expect a potential drop of -0.39% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
Trailing Twelve Months sales for Alphabet Inc [NASDAQ:GOOG] were 307.16B which represents 14.30% growth. 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 154.22 points at the first support level, and at 152.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.75, and for the 2nd resistance point, it is at 157.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alphabet Inc [NASDAQ:GOOG] is 2.10. In addition, the Quick Ratio stands at 2.10 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 6.31, the price to book ratio is 6.85 and price to earnings (TTM) ratio is 26.85.
Transactions by insiders
Recent insider trading involved O’Toole Amie Thuener, VP, Chief Accounting Officer, that happened on Apr 02 ’24 when 682.0 shares were sold. Senior Vice President, RAGHAVAN PRABHAKAR completed a deal on Apr 01 ’24 to sell 3258.0 shares. Meanwhile, Director ARNOLD FRANCES sold 90.0 shares on Mar 28 ’24.
