After finishing at $136.38 in the prior trading day, Alphabet Inc (NASDAQ: GOOGL) closed at $138.46, up 1.53%. In other words, the price has increased by $+2.08 from its previous closing price. On the day, 41860826 shares were traded. GOOGL stock price reached its highest trading level at $138.86 during the session, while it also had its lowest trading level at $136.40.
Ratios:
Our goal is to gain a better understanding of GOOGL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on January 17, 2024, Reiterated its Buy rating but revised its target price to $170 from $155 previously.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $170.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 when ARNOLD FRANCES sold 100 shares for $138.22 per share. The transaction valued at 13,822 led to the insider holds 15,263 shares of the business.
Pichai Sundar sold 22,500 shares of GOOGL for $3,219,404 on Feb 21. The Chief Executive Officer now owns 2,355,191 shares after completing the transaction at $143.08 per share. On Feb 20, another insider, WALKER JOHN KENT, who serves as the President, Global Affairs, CLO of the company, sold 48,076 shares for $142.20 each. As a result, the insider received 6,836,557 and left with 12,725 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GOOGL now has a Market Capitalization of 1.73T and an Enterprise Value of 1.65T. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.85, and their Forward P/E ratio for the next fiscal year is 17.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.60 while its Price-to-Book (P/B) ratio in mrq is 6.09. Its current Enterprise Value per Revenue stands at 5.35 whereas that against EBITDA is 16.80.
Stock Price History:
Over the past 52 weeks, GOOGL has reached a high of $153.78, while it has fallen to a 52-week low of $89.42. The 50-Day Moving Average of the stock is 142.52, while the 200-Day Moving Average is calculated to be 132.55.
Shares Statistics:
The stock has traded on average 30.16M shares per day over the past 3-months and 31.09M shares per day over the last 10 days, according to various share statistics. A total of 5.90B shares are outstanding, with a floating share count of 5.87B. Insiders hold about 52.78% of the company’s shares, while institutions hold 37.67% stake in the company. Shares short for GOOGL as of Feb 15, 2024 were 49.73M with a Short Ratio of 1.65, compared to 48.7M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.40% and a Short% of Float of 0.84%.
Earnings Estimates
Its stock is currently analyzed by 38 different market analysts. On average, analysts expect EPS of $1.51 for the current quarter, with a high estimate of $1.66 and a low estimate of $1.35, while EPS last year was $1.17. The consensus estimate for the next quarter is $1.68, with high estimates of $1.85 and low estimates of $1.51.
Analysts are recommending an EPS of between $7.51 and $6.15 for the fiscal current year, implying an average EPS of $6.79. EPS for the following year is $7.82, with 49 analysts recommending between $9.07 and $6.89.
Revenue Estimates
33 analysts predict $78.58B in revenue for the current quarter. It ranges from a high estimate of $80.3B to a low estimate of $77.04B. As of the current estimate, Alphabet Inc’s year-ago sales were $69.79B, an estimated increase of 12.60% from the year-ago figure. For the next quarter, 32 analysts are estimating revenue of $82.78B, an increase of 11.00% less than the figure of $12.60% in the same quarter last year. There is a high estimate of $85.18B for the next quarter, whereas the lowest estimate is $79.04B.
A total of 46 analysts have provided revenue estimates for GOOGL’s current fiscal year. The highest revenue estimate was $350.96B, while the lowest revenue estimate was $336.85B, resulting in an average revenue estimate of $342.24B. In the same quarter a year ago, actual revenue was $307.39B, up 11.30% from the average estimate. Based on 44 analysts’ estimates, the company’s revenue will be $378.17B in the next fiscal year. The high estimate is $398.76B and the low estimate is $366B. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
