Alphabet Inc (NASDAQ:GOOG) shares, rose in value, with the stock price up by 0.07% to the previous day’s close as strong demand from buyers drove the stock to $163.18.
Actively observing the price movement in the last trading, the stock closed the session at $163.06, falling within a range of $161.65 and $164.3107. The value of beta (5-year monthly) was 1.038 whereas the PE ratio was 23.41 over 12-month period. Referring to stock’s 52-week performance, its high was $193.31, and the low was $121.46. On the whole, GOOG has fluctuated by 7.25% over the past month.
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With the market capitalization of Alphabet Inc currently standing at about $2008.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 0.25%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 347.38B, with a low estimate of 84.88B and a high estimate of 87.6B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 86.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOOG’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.30, with the price of GOOG currently trading nearly -0.51% and 0.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.06, while the 7-day volatility ratio is showing 2.20% which for the 30-day chart, stands at 1.71%. Furthermore, Alphabet Inc (GOOG)’s beta value is 1.05, and its average true range (ATR) is 3.34.
A comparison of Alphabet Inc (GOOG) with its peers suggests the former has fared considerably weaker in the market. GOOG showed an intraday change of 0.07% in last session, and over the past year, it grew by 17.23%%.
Data on historical trading for Alphabet Inc (NASDAQ:GOOG) indicates that the trading volumes over the past 10 days have averaged 13.98 and over the past 3 months, they’ve averaged 17.91 million. According to company’s latest data on outstanding shares, there are 5.69 billion shares outstanding.
Nearly 57.85% of Alphabet Inc’s shares belong to company insiders and institutional investors own 27.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.07 million shares as on 2024-09-30, resulting in a short ratio of 2.41. The stock has risen by 15.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOOG stock heading into the next quarter.
