Alphabet Inc. (NASDAQ:GOOG) saw a downside of -0.08% to close Tuesday at $131.84 after subtracting -$0.1 on the day. The 5-day average trading volume is 18,554,100 shares of the company’s common stock. It has gained $132.06 in the past week and touched a new high 3 times within the past 5 days. An average of 25,941,766 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 25,119,570.
GOOG’s 1-month performance is 12.81% or $11.70 on its low of $115.83 reached on 07/11/23. The company’s shares have touched a 52-week low of $83.45 and high of $134.07, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, GOOG has achieved 48.59% or $43.11 and has reached a new high 27 times. However, the current price is down -1.66% from the 52-week high price.
Insider Transactions
GOOG stock investors last saw insider trading activity on Jul 28.ARNOLD FRANCES (Director) most recently sold 230 shares at $130.95 per share on Jul 28. This transaction cost the insider $30,118. Director, MATHER ANN, sold 220 shares at a price of $121.75 on Jul 25. Then, on Jul 13, Director HENNESSY JOHN L sold 200 shares at a price of $125.00 per share. This transaction amounted to $25,000.
Valuation Metrics
GOOG stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.73 while the price-to-book (PB) in the most recent quarter is 6.23.
The trailing 12-month EBITDA margin is 31.62%. The firm’s gross profit as reported stood at $156.63 billion against revenue of $282.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Alphabet Inc.’s cash and short-term investments amounted to $92.4 billion against total debt of $29.43 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.88% to $18.37 billion, while revenue of $15.05 billion was 18.06% off the previous quarter. Analysts expected GOOG to announce $1.22 per share in earnings in its latest quarter, but it posted $1.31, representing a 7.40% surprise. EBITDA for the quarter stood at more than $25.23 billion. GOOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 115.9 billion, with total debt at $29.43 billion. Shareholders hold equity totaling $12.61 billion.
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 08 August was 65.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.24%.
The stock’s 5-day moving average is $129.95, reflecting a -0.04% or -$0.05 change from its current price. GOOG is currently trading +12.00% above its 20-day SMA, +36.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.02% and SMA200 by+31.46%.
Stochastic %K and %D was 78.57% and 71.75% and the average true range (ATR) pointed at 3.19. The RSI (14) points at 62.82%, while the 14-day stochastic is at 85.51% with the period’s ATR at 3.20. The stock’s 9-day MACD Oscillator is pointing at -0.07 and 2.79 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Alphabet Inc. (NASDAQ: GOOG), BofA Securities reiterated its a Buy rating for the company but lifted their price target by $116 to $119. Analysts offering their rating for GOOG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GOOG as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 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 $121.00 and a high of $200.00, with their median price target at $150.00. Looking at these predictions, the average price target given by analysts is for Alphabet Inc. (GOOG) stock is $149.74.
