Alphabet Inc. (GOOGL) Research Recommendations: Here’s What You Should Know

The stock of Alphabet Inc. (NASDAQ:GOOGL) increased by $19.99 on Wednesday to $2250.87, up 0.90 percent. The last five days have seen an average of 2,000,135 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$650.76. The average number of shares traded over the last 20 days was 1,957,794, while the average volume over the last 50 days totaled 1,994,635.

GOOGL stock appreciated 1.05% since last month. On 05/24/22, the company’s shares reached a one-month low of $2,037.69. The stock touched a high of $3030.93 on 02/02/22, after rallying from a low of $2037.69 in 52 weeks. The price of GOOGL stock has declined by -22.99% or -$650.76 this year, reaching a new high 3 times. Still, the stock price is down -25.74% from the 52-week high.

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Insider Transactions

There have been 13 days since Alphabet Inc. (GOOGL) last reported insider trading activity on Jun 09. On Jun 09, Director HENNESSY JOHN L sold 33 shares at $2348.39 each. This transaction resulted in the insider making $77,497. On Jun 09, HENNESSY JOHN L sold 42 shares at a price of US$2346.81. After the transaction, the insider now owns 1,927 shares. VP, Chief Accounting Officer O’Toole Amie Thuener had earlier sold 42 shares on Jun 01 for $2298.63 a share. The transaction was completed for $96,542.

Valuation Metrics

Alphabet Inc. (GOOGL) has a trailing price-to-earnings (P/E) ratio of 20.53. Beta for the stock is 1.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.39, the price-to-book (PB) ratio of 5.80, and the price-to-cash flow ratio of 21.13.

Financial Health

For the three months ended March 30, Alphabet Inc.’s quick ratio was 2.80, while its current ratio was 2.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.06, and the total debt to equity ratio is 0.06. As far as profitability goes, gross margin for the trailing twelve months is 56.90% percent. Alphabet Inc.’s operating margin stood at 30.50% for the same period. Based on annual data, it had gross profit of $146.7 billion and revenue of $257.64 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GOOGL’s return on assets (ROA) during the last 12 months has been 21.30%. There was a 24.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.20%.

Earnings Surprise

According to Alphabet Inc.’s quarterly financial report for the quarter that ended March 30, it had $13.93 billion in total debt versus $110.23 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $56.9 billion, while revenues rose by 19.02% to $46.17 billion. It was predicted that Alphabet Inc.’s quarterly earnings would be $24.62, but it ended up being $25.91, beating the consensus by -5.00%. EBITDA was $23.88 billion for the quarter. At the end of Alphabet Inc.’s most recent quarter ended March 30, its liabilities totaled 103.09 billion, while its total debt was $28.6 billion. Equity owned by shareholders amounts to $658.5 million.

Technical Picture

Here’s a quick look at Alphabet Inc.’s (GOOGL) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 52.77%, suggesting the stock is Neutral, with a 44.00% historical volatility rate.

As of today, GOOGL’s price is $2,187.20 +5.25% or $111.97 from its 5-day moving average. Alphabet Inc.’s price is currently up +5.25% or $2,187.20 over its five-day moving average. GOOGL is trading +0.74% higher than its 20-day simple moving average, and -12.94% lower than its 100-day simple moving average. In spite of this, the stock is currently trading -15.74% below its SMA50 and -21.86% below its SMA200.

The stochastic %K and %D were 36.98% and 24.59% respectively, while the average true range (ATR) was 79.73. Based on the 14-day stochastic reading of 50.82%, the RSI (14) reading is 49.43%. On the 9-day MACD Oscillator, the stock is at 15.78, and the 14-day reading is at -35.08.

Analyst Ratings

In a note to investors, Wolfe Research maintained its an Outperform rating on Alphabet Inc. (NASDAQ: GOOGL). However, the firm raised their price target to $2900, indicating a possible increase of 35.69% in the stock price. Analysts have assigned Alphabet Inc. (GOOGL) an Buy rating. GOOGL is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 8 rates it overweight and 40 others recommend it as a buy.

What is GOOGL’s price target for the next 12 months?

The current consensus forecast for the stock is between $2636.00 and $4533.34, with a median target price of $3200.00. In analyzing these forecasts, the average price target given by analysts for Alphabet Inc. (GOOGL) is $3220.85.


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