Alphabet Inc [GOOG] stock is trading at $157.66, down -0.30%. 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 0.82% over the last week, with a monthly amount glided 13.47%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alphabet Inc [NASDAQ: GOOG] stock has seen the most recent analyst activity on April 08, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $185 from $172. On January 31, 2023, BofA Securities reiterated its Buy rating and revised its price target to $119 on the stock. Credit Suisse reiterated its Outperform rating and decreased its price target to $134 on October 11, 2022. MKM Partners reiterated its recommendation of a Buy and reduced its price target to $140 on July 18, 2022. Cowen reiterated a Outperform rating for this stock on July 13, 2022, and downed its price target to $3000. In a note dated March 11, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $3150 on this stock.
Alphabet Inc [GOOG] stock has fluctuated between $103.27 and $159.89 over the past year. Currently, Wall Street analysts expect the stock to reach $155.26 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $157.66 at the most recent close of the market. An investor can expect a potential drop of -1.52% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
Alphabet Inc [NASDAQ:GOOG] reported sales of 307.16B for the trailing twelve months, which represents a growth of 14.30%. 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 156.52 points at the first support level, and at 155.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.48, and for the 2nd resistance point, it is at 159.30.
Alphabet Inc [GOOG] 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 $1.41 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
For context, Alphabet Inc’s Current Ratio is 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 6.38, the price to book ratio is 6.93 and price to earnings (TTM) ratio is 27.16.
Transactions by insiders
Recent insider trading involved Pichai Sundar, Chief Executive Officer, that happened on Apr 03 ’24 when 22500.0 shares were sold. VP, Chief Accounting Officer, O’Toole Amie Thuener completed a deal on Apr 02 ’24 to sell 682.0 shares. Meanwhile, Senior Vice President RAGHAVAN PRABHAKAR sold 3258.0 shares on Apr 01 ’24.
