The stock of GoDaddy Inc. (NYSE:GDDY) decreased by -$0.4 on Tuesday to finish at $71.29, down -0.56 percent. The last five days have seen an average of 1,205,360 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$3.53. The average number of shares traded over the last 20 days was 1,423,450, while the average volume over the last 50 days totaled 1,217,938.
GDDY stock dropped -7.52% since last month. On 08/18/23, the company’s shares reached a one-month low of $69.18. The stock touched a high of $85.32 on 02/02/23, after rallying from a low of $64.65 in 52 weeks. The price of GDDY stock has declined by -4.72% or -$3.53 this year, reaching a new high 10 times. Still, the stock price is down -16.44% from the 52-week high.
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Insider Transactions
GDDY stock investors should be aware that GoDaddy Inc. (GDDY) stock had its last reported insider trading activity 15 days ago on Aug 15. On Aug 15, Chief Financial Officer McCaffrey Mark sold 2,857 shares at $70.51 each. This transaction resulted in the insider making $201,447. On Aug 14, Lau Michele sold 5,500 shares at a price of US$70.49. After the transaction, the insider now owns 67,280 shares. Chief Legal Officer Lau Michele had earlier sold 7,243 shares on Aug 02 for $75.32 a share. The transaction was completed for $545,558.
Valuation Metrics
GoDaddy Inc. (GDDY) has a trailing price-to-earnings (P/E) ratio of 34.56. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.48, and the price-to-cash flow ratio of 12.07.
Financial Health
For the three months ended June 29, GoDaddy Inc.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 63.20% percent. GoDaddy Inc.’s EBITDA margin for the year ended June 29 was 18.08%, whereas its operating margin stood at 10.90% for the same period. Based on annual data, it had gross profit of $2.61 billion and revenue of $4.09 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GDDY’s return on assets (ROA) during the last 12 months has been 4.60%. There was a 14.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -79.20%.
Earnings Surprise
According to GoDaddy Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.05 billion, while revenues rose by 3.11% to $1.04 billion. It was predicted that GoDaddy Inc.’s quarterly earnings would be $0.54, but it ended up being $0.57, beating the consensus by -5.30%. EBITDA was $163.1 million for the quarter. At the end of GoDaddy Inc.’s most recent quarter ended June 29, its liabilities totaled 7.46 billion, while its total debt was $3.96 billion. Equity owned by shareholders amounts to $147.12 million.
Technical Picture
Here’s a quick look at GoDaddy Inc.’s (GDDY) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 48.66%, suggesting the stock is Neutral, with a 13.27% historical volatility rate.
The stochastic %K and %D were 59.48% and 49.02% respectively, while the average true range (ATR) was 1.35. Based on the 14-day stochastic reading of 56.27%, the RSI (14) reading is 46.05%. On the 9-day MACD Oscillator, the stock is at 0.76, and the 14-day reading is at 0.80.
Analyst Ratings
In its analyst report released on June 28, 2023, B. Riley Securities began covering GoDaddy Inc. (NYSE: GDDY). The stock was rated as a Buy by the brokerage firm. Analysts have assigned GoDaddy Inc. (GDDY) an Overweight rating. GDDY is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is GDDY’s price target for the next 12 months?
The current consensus forecast for the stock is between $77.00 and $102.00, with a median target price of $89.50. In analyzing these forecasts, the average price target given by analysts for GoDaddy Inc. (GDDY) is $89.44.
