Alphabet Inc (NASDAQ:GOOG) shares, rose in value, with the stock price up by 0.76% to the previous day’s close as strong demand from buyers drove the stock to $176.32.
Actively observing the price movement in the recent trading, the stock is buoying the session at $174.99. The PE ratio was 21.91 over 12-month period. Referring to stock’s 52-week performance, its high was $208.70, and the low was $131.95. On the whole, GOOG has fluctuated by -15.11% over the past month.
With the market capitalization of Alphabet Inc currently standing at about $2136.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 0.34%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 390B, with a low estimate of 86.4B and a high estimate of 91.27B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 89.32B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.61, with the price of GOOG currently trading nearly -2.73% and -7.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.02, while the 7-day volatility ratio is showing 3.65% which for the 30-day chart, stands at 2.45%. Furthermore, Alphabet Inc (GOOG)’s beta value is 1.02, and its average true range (ATR) is 4.99.
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 0.76% in today’s session so far, and over the past year, it grew by 31.39%%.
Data on historical trading for Alphabet Inc (NASDAQ:GOOG) indicates that the trading volumes over the past 3 months, they’ve averaged 19.91 million. According to company’s latest data on outstanding shares, there are 5.51 billion shares outstanding.
Nearly 58.13% of Alphabet Inc’s shares belong to company insiders and institutional investors own 27.32% of the company’s shares. The stock has fallen by -7.41% 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.
