Alphabet Inc [GOOG] stock is trading at $171.14, up 1.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOOG shares have gain 2.59% over the last week, with a monthly amount glided 2.36%, 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 11, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $212. Previously, Pivotal Research Group started tracking the stock with Buy rating on October 01, 2024, and set its price target to $215. On July 10, 2024, TD Cowen reiterated its Buy rating and revised its price target to $220 on the stock. Rosenblatt downgraded its rating to a Neutral but stick to its price target of $181 on June 28, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $185 on April 08, 2024. In a note dated January 31, 2023, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $116 to $119.
Alphabet Inc [GOOG] stock has fluctuated between $123.88 and $193.31 over the past year. Currently, Wall Street analysts expect the stock to reach $164.77 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $171.14 at the most recent close of the market. An investor can expect a potential drop of -3.72% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
Alphabet Inc [NASDAQ:GOOG] reported sales of 327.96B for the trailing twelve months, which represents a growth 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. 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 169.25 points at the first support level, and at 167.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.45, and for the 2nd resistance point, it is at 173.75.
Ratios To Look Out For
For context, Alphabet Inc’s Current Ratio 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 6.42, the price to book ratio is 7.01 and price to earnings (TTM) ratio is 24.55.
Transactions by insiders
Recent insider trading involved Pichai Sundar, Chief Executive Officer, that happened on Oct 16 ’24 when 22500.0 shares were sold. Director, SUNDAR PICHAI completed a deal on Oct 16 ’24 to buy 22500.0 shares. Meanwhile, Director PICHAI FAMILY FOUNDATION bought 4000.0 shares on Oct 16 ’24.
