Alphabet Inc [GOOG] stock prices are down -0.40% to $162.99 at the moment. 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 1.36% over the last week, with a monthly amount drifted -2.94%, and not 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 July 10, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $220 from $200. Previously, Rosenblatt downgraded its rating to Neutral on June 28, 2024, and kept the price target unchanged to $181. On April 08, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $185 on the stock. BofA Securities reiterated its recommendation of a Buy and raised its price target to $119 on January 31, 2023. Credit Suisse reiterated a Outperform rating for this stock on October 11, 2022, and downed its price target to $134. In a note dated July 18, 2022, MKM Partners reiterated an Buy rating on this stock and revised its target price from $165 to $140.
The stock price of Alphabet Inc [GOOG] has been fluctuating between $121.46 and $193.31 over the past year. Currently, Wall Street analysts expect the stock to reach $161.12 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $162.99 at the most recent close of the market. An investor can expect a potential drop of -1.15% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
The Alphabet Inc [NASDAQ:GOOG] reported sales of 327.96B for trailing twelve months, representing a surge of 13.46%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.3 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 162.44 points at the first support level, and at 161.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.88, and for the 2nd resistance point, it is at 164.77.
Ratios To Look Out For
It’s worth pointing out that Alphabet Inc [NASDAQ:GOOG]’s Current Ratio is 2.08. In addition, the Quick Ratio stands at 2.08 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 6.12, the price to book ratio is 6.68 and price to earnings (TTM) ratio is 23.38.
Transactions by insiders
Recent insider trading involved HENNESSY JOHN L, Director, that happened on Sep 23 ’24 when 700.0 shares were sold. Director, HENNESSY JOHN L completed a deal on Sep 23 ’24 to buy 700.0 shares. Meanwhile, Chief Executive Officer Pichai Sundar sold 22500.0 shares on Sep 18 ’24.
