What The Financials Tell Us About Alphabet Inc. (GOOG)

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MNDY Stock
MNDY Stock

Alphabet Inc. (NASDAQ:GOOG) finished Thursday with an addition of $0.56 to close at $100.57, an upside of 0.56 percent. An average of 31,229,920 shares of common stock have been traded in the last five days. There was a fall of -$3.33 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 25,063,674 shares traded, while the 50-day average volume stands at 24,188,053.

GOOG stock has decreased by -12.37% in the last month. The company shares reached their 1-month lowest point of $99.41 on 09/22/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $99.99 and a high of $152.10 in 52 weeks. It has reached a new high 3 times so far this year and lost -30.49% or -$44.11 in price. In spite of this, the price is down -33.88% from the 52-week high.


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Insider Transactions

14 days have passed since Alphabet Inc. (GOOG) last reported insider trading activity. HENNESSY JOHN L, who is Director, most recently acquired $1,500 shares at $110.00 per share on Sep 09. In this transaction, the insider spent $165,000. VP, Chief Accounting Officer, O’Toole Amie Thuener, disposed of 855 shares at a price of $109.15 on Sep 01. The insider now owns more than $93,323 worth of shares. Prior to that, Director MATHER ANN went on to Sale 280 shares at $115.15 each on Aug 25. An amount of $32,242 was transacted.

Valuation Metrics

Alphabet Inc. (GOOG) has a trailing price-to-earnings (P/E) ratio of 19.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.70, the price-to-book (PB) ratio at 5.15.

Financial Health

Its gross profit as reported stood at $146.7 billion compared to revenue of $257.64 billion.

Earnings Surprise

For the three-month period that ended June 29, Alphabet Inc. had $107.06 billion in cash and short-term investments compared to $14.73 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $16.0 billion in the quarter, while revenues of $16.44 billion were shrunk -15.77%. The analyst consensus anticipated Alphabet Inc.’s latest quarter earnings to come in at $1.29 per share, but it turned out to be $1.21, a -6.20% surprise. For the quarter, EBITDA amounted to $23.35 billion. Shareholders own equity worth $13.04 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alphabet Inc. (GOOG) price momentum. RSI 9-day as of the close on 22 September was 26.61%, suggesting the stock is oversold, with historical volatility in this time frame at 30.01%.

As of today, GOOG’s price is $101.98 -3.21% or -$3.33 from its 5-day moving average. GOOG is currently trading -12.32% lower than its 20-day SMA and -12.52% lower than its 100-day SMA. However, the stock’s current price level is -10.36% below the SMA50 and -30.06% below the SMA200.

The stochastic %K and %D were 5.03% and 9.00%, respectively, and the average true range (ATR) was 2.80. With the 14-day stochastic at 8.77% and the average true range at 2.89, the RSI (14) stands at 31.28%. The stock has reached -3.29 on the 9-day MACD Oscillator while the 14-day reading was at -5.25.

Analyst Ratings

MKM Partners reiterated its a Buy rating on Alphabet Inc. (NASDAQ: GOOG), but raised their price target to $165, indicating a potential price increase of 39.05% for the stock. The consensus rating for Alphabet Inc. (GOOG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GOOG, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 8 analysts, while 37 others rate it as a “buy”.

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

Analysts predict a range of price targets between $113.00 and $165.00, with a median target of $140.00. Taking a look at these predictions, the average price target given by analysts for Alphabet Inc. (GOOG) stock is $141.76.

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