Alphabet Inc (NASDAQ:GOOGL) traded at $163.24 at close of the session on current trade day and made an upward move of 0.72% on its previous day’s price.
Looking at the stock we see that its previous close was $162.08 and the beta (5Y monthly) reads 1.038 with the day’s price range being $161.235 – $163.9. The company has a trailing 12-month PE ratio of 23.42. In terms of its 52-week price range, GOOGL has a high of $191.75 and a low of $120.21. The company’s stock has gained about 5.53% over that past 30 days.
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Alphabet Inc has a market cap of $2009.48 billion and is expected to release its quarterly earnings report in November. With its Forward Dividend at 0.40 and a yield of 0.25%, the company’s investors could be anxious for the GOOGL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 1.84, with the EPS growth for the year raised at 7.66 for current year and 7.66 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 86.34B, with a low of 84.88B and a high of 87.6B. The median projection represents growth squeezing down to 12.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 347.39B, or 13.00% up from figures reported last year.
On the other hand, looking at the outlook for the GOOGL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 39 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Alphabet Inc (GOOGL) stock as a Hold, while 34 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the GOOGL stock currently stands at 1.28, and the current price level is 0.10% off its SMA20 and 1.12% from its 50-day simple moving average. The RSI (14) is pointing at 51.23 while the volatility over the past week is 2.23% and jumps to 1.75% over the past one month. The beta value is 1.04, while the average true range (ATR) is currently pointing at 3.33. The average price target for the stock over the next 12 months is $174, with the estimates having a low of $59 and a high of $240. These price ends are 63.86% and -47.02% off the current price level respectively, although investors could be excited at the prospect of a -6.59% if the GOOGL share price touches on the median price of $174.
Coming back to Alphabet Inc (NASDAQ:GOOGL), we note that the average 3-month trading volume was 25.60 million, while that of the preceding 10-day period stands at 20.68 million. Current shares outstanding are 5.90 billion.
The insiders hold 52.52% of the company’s shares while institutions hold 38.07%. The data shows that short shares as of 2024-09-30, stood at 71.09 million at a short ratio of 2.69. This represents a 121.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 72.05 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 16.86% up in year-to-date price movement.
