Analysis Of The Weekly Performance Of Alphabet Inc. (GOOG)


Alphabet Inc. (NASDAQ:GOOG) finished Thursday with an addition of $2.49 to close at $88.95, an upside of 2.88 percent. An average of 18,619,939 shares of common stock have been traded in the last five days. There was a fall of -$1.30 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 23,969,609 shares traded, while the 50-day average volume stands at 28,087,986.

GOOG stock has decreased by -6.80% in the last month. The company shares reached their 1-month lowest point of $86.37 on 12/28/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $83.45 and a high of $152.10 in 52 weeks. It has reached a new high 3 times so far this year and lost -38.52% or -$55.73 in price. In spite of this, the price is down -41.52% from the 52-week high.

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Insider Transactions

GOOG stock investors should be aware that Alphabet Inc. (GOOG) stock had its last reported insider trading activity 3 days ago on Dec 27. In this transaction, the insider spent $33,911. VP, Chief Accounting Officer, O’Toole Amie Thuener, disposed of 855 shares at a price of $101.13 on Dec 01. The insider now owns more than $86,467 worth of shares. Prior to that, Director MATHER ANN went on to Sale 360 shares at $98.48 each on Nov 25. An amount of $35,453 was transacted.

Valuation Metrics

Alphabet Inc. (GOOG) has a trailing price-to-earnings (P/E) ratio of 18.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.07, the price-to-book (PB) ratio at 4.55.

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 September 29, Alphabet Inc. had $94.28 billion in cash and short-term investments compared to $14.65 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $13.91 billion in the quarter, while revenues were shrunk -36.13%. The analyst consensus anticipated Alphabet Inc.’s latest quarter earnings to come in at $1.25 per share, but it turned out to be $1.06, a -15.20% surprise. For the quarter, EBITDA amounted to $21.18 billion. Shareholders own equity worth $12.94 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 29 December was 41.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.50%.

As of today, GOOG’s price is $88.28 -1.44% or -$1.30 from its 5-day moving average. GOOG is currently trading -12.32% lower than its 20-day SMA and -24.71% lower than its 100-day SMA. However, the stock’s current price level is -12.27% below the SMA50 and -31.40% below the SMA200.

The stochastic %K and %D were 9.19% and 12.06%, respectively, and the average true range (ATR) was 2.67. With the 14-day stochastic at 19.21% and the average true range at 2.77, the RSI (14) stands at 41.64%. The stock has reached -1.25 on the 9-day MACD Oscillator while the 14-day reading was at -2.96.

Analyst Ratings

Credit Suisse reiterated its an Outperform rating on Alphabet Inc. (NASDAQ: GOOG), but raised their price target to $140, indicating a potential price increase of 36.46% 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 8 analysts, while 36 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 $93.00 and $165.00, with a median target of $122.20. Taking a look at these predictions, the average price target given by analysts for Alphabet Inc. (GOOG) stock is $124.28.


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