Godaddy Inc [GDDY] stock prices are up 1.51% to $123.25 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GDDY shares have lost -2.10% over the last week, with a monthly amount glided 5.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI downgraded its rating to In-line on February 14, 2024, and elevated its price target to $110. On January 09, 2024, upgrade upgraded it’s rating to Overweight. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $124 on November 22, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $85 as its price target on October 24, 2023. In a note dated September 22, 2023, UBS initiated an Neutral rating and provided a target price of $80 on this stock.
The stock price of Godaddy Inc [GDDY] has been fluctuating between $67.43 and $127.15 over the past year. Currently, Wall Street analysts expect the stock to reach $116.67 within the next 12 months. Godaddy Inc [NYSE: GDDY] shares were valued at $123.25 at the most recent close of the market. An investor can expect a potential drop of -5.34% based on the average GDDY price forecast.
Analyzing the GDDY fundamentals
The Godaddy Inc [NYSE:GDDY] reported sales of 4.24B for trailing twelve months, representing a surge of 5.99%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is -2.84 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 61.82.
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 121.83 points at the first support level, and at 120.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.46, and for the 2nd resistance point, it is at 125.67.
Ratios To Look Out For
It’s worth pointing out that Godaddy Inc [NYSE:GDDY]’s Current Ratio is 0.47. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 4.14, the price to book ratio is 281.48 and price to earnings (TTM) ratio is 12.87.
Transactions by insiders
Recent insider trading involved McCaffrey Mark, Chief Financial Officer, that happened on Apr 02 ’24 when 624.0 shares were sold. Chief Operating Officer, Chen Roger completed a deal on Apr 01 ’24 to sell 4000.0 shares. Meanwhile, Chief Executive Officer Bhutani Amanpal Singh sold 2500.0 shares on Mar 21 ’24.
