As of Friday close, GoDaddy Inc.’s (NYSE:GDDY) stock was up $0.06, moving up 0.08 percent to $73.23. The average number of shares traded per day over the past five days has been 1,852,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.55 fall in that time frame. In the last twenty days, the average volume was 3,313,630, while in the previous 50 days, it was 2,089,902.
Since last month, GDDY stock rose 3.14%. Shares of the company fell to $70.03 on 08/29/23, the lowest level in the past month. A 52-week high of $85.32 was reached on 02/02/23 after having rallying from a 52-week low of $64.65. Since the beginning of this year, GDDY’s stock price has dropped by -2.13% or -$1.59, and marked a new high 10 times. However, the stock has declined by -14.17% since its 52-week high.
GDDY stock investors should be aware that GoDaddy Inc. (GDDY) stock had its last reported insider trading activity 15 days ago on Sep 08. Chen Roger, the Chief Operating Officer of the company, disposed of 11,125 shares for $75.05 on Sep 08. It resulted in a $834,918 divestment by the insider. Bhutani Amanpal Singh sold 3,472 shares at an average price of $75.11 on Sep 08. The insider now owns 266,489 shares following the transaction. On Sep 05, Chief Executive Officer Bhutani Amanpal Singh sold 3,164 shares at $73.57 apiece. The transaction was valued at $232,767.
Valuation Metrics
Right now, GoDaddy Inc. (GDDY) has a P/E ratio of about 35.50. The stock’s beta is 0.94.
Financial Health
In the three months ended June 29, GoDaddy Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 63.20% percent. In the year ended June 29, EBITDA margin amounted to 18.08%, whereas operating margins totaled 10.90%. Based on annual data, GDDY earned $2.61 billion in gross profit and brought in $4.09 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 14.00%. Return on equity (ROE) for the past 12 months was -79.20%.
In GoDaddy Inc.’s quarter-end financial report for June 29, it reported total debt of $3.81 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GDDY’s revenue rose 3.11% to $1.04 billion during the quarter, while net income inched up to $1.05 billion. While analysts expected GoDaddy Inc. to report $0.57 quarterly earnings, the actual figure was $0.54 per share, beating the consensus estimate by -5.30%. During the quarter, the company generated $163.1 million in EBITDA. The liabilities of GoDaddy Inc. were 7.46 billion at the end of its most recent quarter ended June 29, and its total debt was $3.96 billion. The value of shareholders’ equity is $147.12 million.
Technical Picture
This quick technical analysis looks at GoDaddy Inc.’s (GDDY) price momentum. With a historical volatility rate of 13.67%, the RSI 9-day stood at 42.64% on 22 September.
With respect to its five-day moving average, the current GoDaddy Inc. price is down by -3.36% percent or -$2.55. At present, GDDY shares trade +4.36% above its 20-day simple moving average and -3.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.27% below its SMA50 and -3.38% below its SMA200.
Stochastic coefficient K was 25.99% and Stochastic coefficient D was 42.60%, while ATR was 1.48. Given the Stochastic reading of 16.74% for the 14-day period, the RSI (14) reading has been calculated as 47.55%. As of today, the MACD Oscillator reading stands at -1.03, while the 14-day reading stands at -0.81.
Analyst Ratings
UBS launched its rating on GoDaddy Inc. (NYSE: GDDY) to a Neutral in a note to investors on September 22, 2023. GoDaddy Inc. (GDDY) has been rated Overweight by analysts. According to 0 brokerage firms, GDDY is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate GoDaddy Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $89.50, the current consensus forecast for the stock is $75.00 – $107.00. Based on these forecasts, analysts predict GoDaddy Inc. (GDDY) will achieve an average price target of $89.36.
