Investors Profit From -0.86% Loss In Alphabet Inc (NASDAQ: GOOG)

Alphabet Inc (NASDAQ:GOOG) traded at $171.17 at last check on current trade day and made a downward move of -0.86% on its previous day’s price.

Looking at the stock we see that its previous close was $172.65 and the beta (5Y monthly) reads 1.038 with the day’s price range being $169.49 – $171.92. The company has a trailing 12-month PE ratio of 22.71. In terms of its 52-week price range, GOOG has a high of $193.31 and a low of $128.11. The company’s stock has gained about 1.55% over that past 30 days.

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Alphabet Inc has a market cap of $2085.93 billion and is expected to release its quarterly earnings report on 2025-Jan-28. With its Forward Dividend at 0.40 and a yield of 0.23%, the company’s investors could be anxious for the GOOG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 2.11, with the EPS growth for the year raised at 8.0 for current year and 8.0 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 96.64B, with a low of 94.87B and a high of 98.51B. The median projection represents growth squeezing down to 12.00% 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 350.02B, or 13.90% up from figures reported last year.

On the other hand, looking at the outlook for the GOOG 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 29 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Alphabet Inc (GOOG) stock as a Hold, while 27 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 GOOG stock currently stands at 1.29, and the most recent price level today is 2.29% off its SMA20 and 4.41% from its 50-day simple moving average. The RSI (14) is pointing at 58.13 while the volatility over the past week is 2.97% and jumps to 2.07% over the past one month. The beta value is 1.04, while the average true range (ATR) is currently pointing at 3.90. The average price target for the stock over the next 12 months is $159.5, with the estimates having a low of $117 and a high of $312. These price ends are 31.65% and -82.27% off the today’s price level respectively, although investors could be excited at the prospect of a 6.82% if the GOOG share price touches on the median price of $159.5.

Coming back to Alphabet Inc (NASDAQ:GOOG), we note that the average 3-month trading volume was 17.92 million, while that of the preceding 10-day period stands at 21.73 million. Current shares outstanding are 5.69 billion.

The insiders hold 57.84% of the company’s shares while institutions hold 27.75%. The data shows that short shares as of 2024-10-15, stood at 36.07 million at a short ratio of 2.4. Shares short fall in October from the previous month at 42.93 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 21.46% up in year-to-date price movement.

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