Alphabet Inc. (NASDAQ:GOOG) saw an upside of 0.64% to close Monday at $128.93 after adding $0.82 on the day. The 5-day average trading volume is 20,292,219 shares of the company’s common stock. It has gained $132.49 in the past week and touched a new high 2 times within the past 5 days. An average of 22,205,244 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 23,726,434.
GOOG’s 1-month performance is 7.16% or $8.62 on its low of $121.38 reached on 07/24/23. 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 45.31% or $40.20 and has reached a new high 27 times. However, the current price is down -3.83% from the 52-week high price.
Insider Transactions
GOOG stock investors last saw insider trading activity on Aug 17.Alphabet Inc. (10% Owner) most recently sold 6,500,000 shares at $8.08 per share on Aug 17. This transaction cost the insider $52,526,500. Director, HENNESSY JOHN L, sold 200 shares at a price of $131.14 on Aug 10. Then, on Jul 28, Director ARNOLD FRANCES sold 230 shares at a price of $130.95 per share. This transaction amounted to $30,118.
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 5.60 while the price-to-book (PB) in the most recent quarter is 6.10.
The firm’s gross profit as reported stood at $156.63 billion against revenue of $282.84 billion.
Earnings Surprise
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. EBITDA for the quarter stood at more than $25.23 billion. GOOG stock balance sheet for the recent quarter 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 21 August was 49.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.38%.
The stock’s 5-day moving average is $129.38, reflecting a -2.20% or -$2.90 change from its current price. GOOG is currently trading +5.78% above its 20-day SMA, +27.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.10% and SMA200 by+42.46%.
Stochastic %K and %D was 32.42% and 31.86% and the average true range (ATR) pointed at 2.81. The RSI (14) points at 52.36%, while the 14-day stochastic is at 34.18% with the period’s ATR at 2.90. The stock’s 9-day MACD Oscillator is pointing at -0.75 and -0.76 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. 4 rates the stock as overweight while 40 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 $149.95.
