A share price of Alphabet Inc [GOOG] is currently trading at $168.42, up 0.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOOG shares have gain 2.92% over the last week, with a monthly amount glided 2.00%, 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 October 01, 2024, when Pivotal Research Group initiated its Buy rating and assigned the stock a price target of $215. Previously, TD Cowen reaffirmed its Buy rating on July 10, 2024, and elevated its price target to $220. On June 28, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $181 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $185 on April 08, 2024. BofA Securities reiterated a Buy rating for this stock on January 31, 2023, and upped its price target to $119. In a note dated October 11, 2022, Credit Suisse reiterated an Outperform rating on this stock and revised its target price from $140 to $134.
Alphabet Inc experienced fluctuations in its stock price throughout the past year between $121.46 and $193.31. Currently, Wall Street analysts expect the stock to reach $161.12 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $168.42 at the most recent close of the market. An investor can expect a potential drop of -4.33% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
Trailing Twelve Months sales for Alphabet Inc [NASDAQ:GOOG] were 327.96B which represents 13.46% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 166.07 points at the first support level, and at 163.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 170.61, and for the 2nd resistance point, it is at 172.79.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alphabet Inc [NASDAQ:GOOG] is 2.08. On the other hand, the Quick Ratio is 2.08, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 6.32, the price to book ratio is 6.90 and price to earnings (TTM) ratio is 24.16.
Transactions by insiders
Recent insider trading involved WALKER JOHN KENT, President, Global Affairs, CLO, that happened on Sep 27 ’24 when 16802.0 shares were sold. Officer, JOHN KENT WALKER JR, TTEEDIANA completed a deal on Sep 27 ’24 to buy 16802.0 shares. Meanwhile, Director HENNESSY JOHN L sold 700.0 shares on Sep 23 ’24.
