Alphabet Inc (NASDAQ:GOOG) shares, rose in value, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $193.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $193.63, falling within a range of $192.4208 and $194.34. The value of beta (5-year monthly) is 1.034 whereas the PE ratio is 25.63 over 12-month period. Referring to stock’s 52-week performance, its high was $196.89, and the low was $131.06. On the whole, GOOG has fluctuated by 7.04% over the past month.
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With the market capitalization of Alphabet Inc currently standing at about $2353.79 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 GOOG’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 1.62, with the price of GOOG currently trading nearly 9.00% and 11.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.24, while the 7-day volatility ratio is showing 2.76% which for the 30-day chart, stands at 2.20%. Furthermore, Alphabet Inc (GOOG)’s beta value is 1.01, and its average true range (ATR) is 4.31.
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 -0.22% in today’s session so far, and over the past year, it grew by 44.21%%.
Data on historical trading for Alphabet Inc (NASDAQ:GOOG) indicates that the trading volumes over the past 10 days have averaged 21.03 and over the past 3 months, they’ve averaged 18.14 million. According to company’s latest data on outstanding shares, there are 5.55 billion shares outstanding.
Nearly 58.00% of Alphabet Inc’s shares belong to company insiders and institutional investors own 27.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 41.66 million shares as on 2024-11-29, resulting in a short ratio of 2.03. The stock has risen by 37.09% 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.
