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As of close of business last night, Alphabet Inc’s stock clocked out at $192.66, up 1.17% from its previous closing price of $190.44. In other words, the price has increased by $1.17 from its previous closing price. On the day, 11.81 million shares were traded. GOOG stock price reached its highest trading level at $193.3 during the session, while it also had its lowest trading level at $190.62.
Ratios:
To gain a deeper understanding of GOOG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.45. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.10 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, TD Cowen on Jul-11-24, Reiterated its Buy rating but revised its target price to $220 from $200 previously.
On June 28, 2024, Rosenblatt Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $181.
Oppenheimer reiterated its Outperform rating for the stock on April 08, 2024, while the target price for the stock was revised from $172 to $185.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 03 ’24 when Pichai Sundar sold 22,500 shares for $186.74 per share. The transaction valued at 4,201,748 led to the insider holds 2,227,385 shares of the business.
O’Toole Amie Thuener sold 682 shares of GOOG for $125,127 on Jul 02 ’24. The VP, Chief Accounting Officer now owns 30,650 shares after completing the transaction at $183.47 per share. On Jul 01 ’24, another insider, RAGHAVAN PRABHAKAR, who serves as the Senior Vice President of the company, sold 3,262 shares for $183.99 each. As a result, the insider received 600,172 and left with 9 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, GOOG now has a Market Capitalization of 2343612710912 and an Enterprise Value of 2301178150912. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.55, and their Forward P/E ratio for the next fiscal year is 22.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.49 while its Price-to-Book (P/B) ratio in mrq is 8.15. Its current Enterprise Value per Revenue stands at 7.233 whereas that against EBITDA is 20.973.
Stock Price History:
The Beta on a monthly basis for GOOG is 1.05, which has changed by 0.54337895 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, GOOG has reached a high of $192.86, while it has fallen to a 52-week low of $115.83. The 50-Day Moving Average of the stock is 8.70%, while the 200-Day Moving Average is calculated to be 27.92%.
Shares Statistics:
It appears that GOOG traded 18.74M shares on average per day over the past three months and 12985620 shares per day over the past ten days. A total of 5.69B shares are outstanding, with a floating share count of 5.22B. Insiders hold about 57.74% of the company’s shares, while institutions hold 27.65% stake in the company. Shares short for GOOG as of 1718323200 were 44008587 with a Short Ratio of 2.35, compared to 1715731200 on 39027365.
Dividends & Splits
The current Payout Ratio is 0.00% for GOOG, which recently paid a dividend on 2024-06-10 with an ex-dividend date of 1717977600. Stock splits for the company last occurred on 2022-07-18 when the company split stock in a 20:1 ratio.
