Alphabet Inc [GOOGL] stock is trading at $157.73, down -1.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOOGL shares have gain 3.43% over the last week, with a monthly amount glided 12.83%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Alphabet Inc [GOOGL] stock has fluctuated between $102.63 and $159.68 over the past year. Currently, Wall Street analysts expect the stock to reach $140.77 within the next 12 months. Alphabet Inc [NASDAQ: GOOGL] shares were valued at $157.73 at the most recent close of the market. An investor can expect a potential drop of -10.75% based on the average GOOGL price forecast.
Analyzing the GOOGL fundamentals
Alphabet Inc [NASDAQ:GOOGL] 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 156.51 points at the first support level, and at 155.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.59, and for the 2nd resistance point, it is at 161.45.
Ratios To Look Out For
For context, Alphabet Inc’s Current Ratio is 2.10. On the other hand, the Quick Ratio is 2.10, and 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 6.94 and price to earnings (TTM) ratio is 27.17.
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.
