As of Wednesday close, Alphabet Inc.’s (NASDAQ:GOOGL) stock was down -$4.3, moving down -3.12 percent to $133.74. The average number of shares traded per day over the past five days has been 27,162,561 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.97 fall in that time frame. In the last twenty days, the average volume was 25,143,096, while in the previous 50 days, it was 29,029,781.
Since last month, GOOGL stock rose 4.18%. Shares of the company fell to $126.56 on 08/21/23, the lowest level in the past month. A 52-week high of $139.16 was reached on 09/18/23 after having rallying from a 52-week low of $83.34. Since the beginning of this year, GOOGL’s stock price has risen by 51.58% or $45.51, and marked a new high 35 times. However, the stock has declined by -3.89% since its 52-week high.
GOOGL stock investors should be aware that Alphabet Inc. (GOOGL) stock had its last reported insider trading activity 10 days ago on Sep 11. HENNESSY JOHN L, the Director of the company, disposed of 200 shares for $137.30 on Sep 11. It resulted in a $27,460 divestment by the insider. WALKER JOHN KENT sold 42,900 shares at an average price of $136.51 on Sep 05. The insider now owns 10,383 shares following the transaction. On Sep 05, VP, Chief Accounting Officer O’Toole Amie Thuener sold 3,749 shares at $136.28 apiece. The transaction was valued at $510,914.
Valuation Metrics
Right now, Alphabet Inc. (GOOGL) has a P/E ratio of about 29.28. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 5.87, the price-to-book (PB) ratio of 6.34, and the price-to-cash flow ratio of 23.91 may also be considered.
Financial Health
In the three months ended June 29, Alphabet Inc.’s quick ratio stood at 2.10, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.05, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 55.70% percent. In the year ended June 29, EBITDA margin amounted to 31.62%, whereas operating margins totaled 25.70%. Based on annual data, GOOGL earned $156.63 billion in gross profit and brought in $282.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.40%. Return on equity (ROE) for the past 12 months was 23.50%.
In Alphabet Inc.’s quarter-end financial report for June 29, it reported total debt of $13.93 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GOOGL’s revenue rose 19.02% to $46.17 billion during the quarter, while net income inched up to $56.9 billion. While analysts expected Alphabet Inc. to report $1.34 quarterly earnings, the actual figure was $1.44 per share, beating the consensus estimate by 7.50%. During the quarter, the company generated $25.23 billion in EBITDA. The liabilities of Alphabet Inc. were 115.9 billion at the end of its most recent quarter ended June 29, and its total debt was $29.43 billion. The value of shareholders’ equity is $12.61 billion.
Technical Picture
This quick technical analysis looks at Alphabet Inc.’s (GOOGL) price momentum. With a historical volatility rate of 20.27%, the RSI 9-day stood at 42.69% on 20 September.
With respect to its five-day moving average, the current Alphabet Inc. price is down by -2.17% percent or -$2.97. At present, GOOGL shares trade +3.61% above its 20-day simple moving average and +24.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.17% above its SMA50 and +32.43% above its SMA200.
Stochastic coefficient K was 60.32% and Stochastic coefficient D was 77.78%, while ATR was 2.65. Given the Stochastic reading of 12.72% for the 14-day period, the RSI (14) reading has been calculated as 49.48%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at 0.37.
Analyst Ratings
Wedbush launched its rating on Alphabet Inc. (NASDAQ: GOOGL) to an Outperform in a note to investors on August 22, 2023. Alphabet Inc. (GOOGL) has been rated Buy by analysts. According to 0 brokerage firms, GOOGL is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Alphabet Inc. stock as buy, with 40 recommending it as overweight.
With a median target price of $150.00, the current consensus forecast for the stock is $121.00 – $200.00. Based on these forecasts, analysts predict Alphabet Inc. (GOOGL) will achieve an average price target of $149.65.
