The trading price of Alphabet Inc (NASDAQ:GOOG) floating higher at last check on Monday, July 15, closing at $189.50, 1.46% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 29.06. In examining the 52-week price action we see that the stock hit a 52-week high of $193.31 and a 52-week low of $118.68. Over the past month, the stock has gained 5.54% in value.
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Alphabet Inc, whose market valuation is $2341.84 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GOOG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.36, which symbolizes a positive outlook. A quick review shows that GOOG’s price is currently 2.75% off the SMA20 and 6.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.93, and weekly volatility stands at 1.68%. When measured over the past 30 days, the indicator reaches 1.72%. Alphabet Inc (NASDAQ:GOOG)’s beta value is currently sitting at 1.05, while the Average True Range indicator is currently displaying 3.28.
To see how Alphabet Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: GOOG stock’s performance was 1.46% at last check in today’s session, and 51.81% in the past year. Alphabet Inc has a P/E ratio of 29.06.
An evaluation of the daily trading volume of Alphabet Inc (NASDAQ:GOOG) indicates that the 3-month average is 18.61 million.
Currently, records show that 5.69 billion of the company’s shares remain outstanding. The insiders hold 57.74% of outstanding shares, whereas institutions hold 27.65%. However, since the stock’s price has seen 34.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
