Alphabet Inc. (NASDAQ:GOOG) saw a downside of -1.54% to close Tuesday at $2734.26 after subtracting -$42.69 on the day. The 5-day average trading volume is 960,600 shares of the company’s common stock. It has gained $2,815.27 in the past week. An average of 1,277,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,037,598.
GOOG’s 1-month performance is -4.71% or -$104.16 on its low of $2,623.33 reached on 10/04/21. The company’s shares have touched a 52-week low of $1514.62 and high of $2936.41, with the stock’s rally to the 52-week high happening on 09/01/21. YTD, GOOG has achieved 56.08% or $982.38. However, the current price is down -6.88%% from the 52-week high price.
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On Oct 11, 2 days have gone by since the last insider trading activity for Alphabet Inc. (GOOG). Brin Sergey (Director) most recently sold 13,889 shares at $2798.28 per share on Oct 11. This transaction cost the insider $38,865,376. Director, Brin Sergey, sold 13,889 shares at a price of $2800.66 on Oct 11. Then, on Oct 07, Director HENNESSY JOHN L sold 200 shares at a price of $2795.32 per share. This transaction amounted to $559,063.
The company’s PE ratio for the last five years has touched a high of 65.47 and a low of 21.48. GOOG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.52 while the price-to-book (PB) in the most recent quarter is 7.98.
For the quarterly period ending June 29 this year, Alphabet Inc.’s cash and short-term investments amounted to $112.23 billion against total debt of $28.1 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GOOG to announce $19.29 per share in earnings in its latest quarter, but it posted $27.26, representing a 41.30% surprise. EBITDA for the quarter stood at more than $22.31 billion. GOOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 97.82 billion, with total debt at $28.1 billion. Shareholders hold equity totaling $666.75 million
Let’s look briefly at Alphabet Inc. (GOOG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.27%.
The stock’s 5-day moving average is $2,768.62, reflecting a +0.39% or $10.72 change from its current price. GOOG is currently trading -4.67% above its 20-day SMA, +16.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.53% and +57.25% respectively.
Stochastic %K and %D was 62.81% and 65.48% and the average true range (ATR) pointed at 57.32. The RSI (14) points at 44.67%, while the 14-day stochastic is at 47.26% with the period’s ATR at 54.85. The stock’s 9-day MACD Oscillator is pointing at 33.39 and 15.79 on the 14-day charts.
In the most recent analyst report for Alphabet Inc. (NASDAQ: GOOG), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for GOOG stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate GOOG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 6 rates the stock as overweight while 38 have offered a “buy” rating.
What is GOOG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2520.00 and a high of $3600.00, with their median price target at $3200.00. Looking at these predictions, the average price target given by analysts is for Alphabet Inc. (GOOG) stock is $3203.43.