At the time of writing, Alphabet Inc [GOOG] stock is trading at $191.38, down -1.16%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOOG shares have gain 8.44% over the last week, with a monthly amount glided 6.03%, 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: GOOG] stock has seen the most recent analyst activity on October 30, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $200 for it. Previously, Scotiabank started tracking the stock with Sector Outperform rating on October 11, 2024, and set its price target to $212. On October 01, 2024, Pivotal Research Group initiated with a Buy rating and assigned a price target of $215 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $220 on July 10, 2024. Rosenblatt downgraded its rating to a Neutral but $181 remained the price target by the analyst firm on June 28, 2024. Oppenheimer reiterated a Outperform rating for this stock on April 08, 2024, and upped its price target to $185.
For the past year, the stock price of Alphabet Inc fluctuated between $131.06 and $196.89. Currently, Wall Street analysts expect the stock to reach $208.67 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $191.38 at the most recent close of the market. An investor can expect a potential return of 9.03% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
According to Alphabet Inc [NASDAQ:GOOG], the company’s sales were 339.52B for trailing twelve months, which represents an 15.07% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.32 and Total Capital is 0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 190.31 points at the first support level, and at 189.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 193.39, and for the 2nd resistance point, it is at 195.41.
Ratios To Look Out For
It is important to note that Alphabet Inc [NASDAQ:GOOG] has a current ratio of 1.95. As well, the Quick Ratio is 1.95, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 6.79, the price to book ratio is 7.47 and price to earnings (TTM) ratio is 25.39.
Transactions by insiders
Recent insider trading involved HENNESSY JOHN L, Director, that happened on Dec 12 ’24 when 1500.0 shares were sold. Director, HENNESSY JOHN L completed a deal on Dec 12 ’24 to buy 1500.0 shares. Meanwhile, Director Shriram Kavitark Ram sold 37134.0 shares on Dec 10 ’24.
