Alphabet Inc (NASDAQ:GOOGL) shares, rose in value, with the stock price down by -0.42% to the previous day’s close as strong demand from buyers drove the stock to $191.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $191.96, falling within a range of $190.89 and $192.73. The value of beta (5-year monthly) is 1.034 whereas the PE ratio is 25.36 over 12-month period. Referring to stock’s 52-week performance, its high was $195.61, and the low was $129.68. On the whole, GOOGL has fluctuated by 6.86% over the past month.
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With the market capitalization of Alphabet Inc currently standing at about $2349.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 0.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 350.12B, with a low estimate of 94.87B and a high estimate of 98.9B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 96.62B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOOGL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.60, with the price of GOOGL currently trading nearly 8.84% and 11.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.21, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 2.25%. Furthermore, Alphabet Inc (GOOGL)’s beta value is 1.01, and its average true range (ATR) is 4.37.
A comparison of Alphabet Inc (GOOGL) with its peers suggests the former has fared considerably weaker in the market. GOOGL showed an intraday change of -0.42% in today’s session so far, and over the past year, it grew by 44.20%%.
Data on historical trading for Alphabet Inc (NASDAQ:GOOGL) indicates that the trading volumes over the past 10 days have averaged 31.76 and over the past 3 months, they’ve averaged 26.42 million. According to company’s latest data on outstanding shares, there are 5.84 billion shares outstanding.
Nearly 52.43% of Alphabet Inc’s shares belong to company insiders and institutional investors own 37.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 69.79 million shares as on 2024-11-29, resulting in a short ratio of 2.34. According to the data, the short interest in Alphabet Inc (GOOGL) stood at 120.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 64.26 million. The stock has risen by 36.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOOGL stock heading into the next quarter.
