Alphabet Inc (NASDAQ:GOOGL) saw an upside of 0.66% to close Monday at $131.11 after adding $0.86 on the day. The 5-day average trading volume is 25,655,359 shares of the company’s common stock. It has gained $138.41 in the past week and touched a new high 1 time within the past 5 days. An average of 24,888,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 28,429,992.
GOOGL’s 1-month performance is 1.02% or $1.23 on its low of $128.96 reached on 09/25/23. The company’s shares have touched a 52-week low of $83.34 and high of $139.16, with the stock’s rally to the 52-week high happening on 09/18/23. YTD, GOOGL has achieved 48.60% or $42.88 and has reached a new high 35 times. However, the current price is down -5.78% from the 52-week high price.
Insider Transactions
GOOGL stock investors last saw insider trading activity on Sep 11.HENNESSY JOHN L (Director) most recently sold 200 shares at $137.30 per share on Sep 11. This transaction cost the insider $27,460. President, Global Affairs, CLO, WALKER JOHN KENT, sold 42,900 shares at a price of $136.51 on Sep 05. Then, on Sep 05, VP, Chief Accounting Officer O’Toole Amie Thuener sold 3,749 shares at a price of $136.28 per share. This transaction amounted to $510,914.
Valuation Metrics
GOOGL stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.74 while the price-to-book (PB) in the most recent quarter is 6.20, with the price to cash flow ratio at 23.25.
Alphabet Inc’s quick ratio for the period ended June 29 was 2.14, with the current ratio over the same period at 2.17. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 55.38%. The trailing 12-month EBITDA margin is 31.62% while for the period ending June 29, Alphabet Inc’s operating margin was 26.08%. 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, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 29.92% to $15.23 billion, while revenue of $11.25 billion was 26.14% off the previous quarter. Analysts expected GOOGL to announce $1.34 per share in earnings in its latest quarter, but it posted $1.44, representing a 7.50% surprise. EBITDA for the quarter stood at more than $25.23 billion. GOOGL 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 (GOOGL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 37.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.42%.
The stock’s 5-day moving average is $132.72, reflecting a -5.14% or -$7.10 change from its current price. GOOGL is currently trading +0.95% above its 20-day SMA, +24.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.54% and SMA200 by+35.19%.
Stochastic %K and %D was 10.65% and 17.14% and the average true range (ATR) pointed at 2.67. The RSI (14) points at 43.92%, while the 14-day stochastic is at 21.08% with the period’s ATR at 2.72. The stock’s 9-day MACD Oscillator is pointing at -4.29 and -4.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Alphabet Inc (NASDAQ: GOOGL), Wedbush launched coverage with an Outperform rating. Analysts offering their rating for GOOGL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GOOGL as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 40 have offered a “buy” rating.
What is GOOGL’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 (GOOGL) stock is $150.18.
