At the time of writing, Alphabet Inc [GOOGL] stock is trading at $154.56, down -0.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOOGL shares have gain 2.99% over the last week, with a monthly amount glided 12.70%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alphabet Inc [NASDAQ: GOOGL] stock has seen the most recent analyst activity on January 17, 2024, when Mizuho reiterated its Buy rating and also boosted its price target to $170 from $155. Previously, BMO Capital Markets started tracking the stock with Outperform rating on January 09, 2024, and set its price target to $170. On October 25, 2023, downgrade downgraded it’s rating to Neutral. Seaport Research Partners started tracking the stock assigning a Neutral rating. Wedbush initiated its recommendation with a Outperform and recommended $160 as its price target on August 22, 2023. Stifel reiterated a Buy rating for this stock on July 21, 2023, and upped its price target to $135. In a note dated July 21, 2023, Robert W. Baird reiterated an Outperform rating on this stock and boosted its target price from $123 to $130.
For the past year, the stock price of Alphabet Inc fluctuated between $101.93 and $155.74. Currently, Wall Street analysts expect the stock to reach $141.39 within the next 12 months. Alphabet Inc [NASDAQ: GOOGL] shares were valued at $154.56 at the most recent close of the market. An investor can expect a potential drop of -8.52% based on the average GOOGL price forecast.
Analyzing the GOOGL fundamentals
According to Alphabet Inc [NASDAQ:GOOGL], 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 152.91 points at the first support level, and at 151.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.46, and for the 2nd resistance point, it is at 156.35.
Alphabet Inc [GOOGL] reported earnings per share of $1.64 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 $1.59/share, meaning a difference of $0.05 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.55 per share as compared to estimates of $1.45 per share, a difference of $0.1 representing a surprise of 6.90%.
Ratios To Look Out For
It is important to note that Alphabet Inc [NASDAQ:GOOGL] 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 6.26, the price to book ratio is 6.80 and price to earnings (TTM) ratio is 26.62.
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.
