Closing Bell Recap: Alphabet Inc (GOOG) Ends at 177.71, Reflecting a 0.71 Upturn

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Alphabet Inc (NASDAQ: GOOG) closed the day trading at $177.71 up 0.71% from the previous closing price of $176.45. In other words, the price has increased by $0.71 from its previous closing price. On the day, 15.69 million shares were traded. GOOG stock price reached its highest trading level at $178.74 during the session, while it also had its lowest trading level at $176.46.

Ratios:

For a better understanding of GOOG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.78. 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, Oppenheimer on April 08, 2024, Reiterated its Outperform rating but revised its target price to $185 from $172 previously.

BofA Securities reiterated its Buy rating for the stock on January 31, 2023, while the target price for the stock was revised from $116 to $119.

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 Jun 12 ’24 when HENNESSY JOHN L sold 1,500 shares for $177.92 per share. The transaction valued at 266,885 led to the insider holds 3,727 shares of the business.

Pichai Sundar sold 22,500 shares of GOOG for $3,973,122 on Jun 05 ’24. The Chief Executive Officer now owns 2,235,511 shares after completing the transaction at $176.58 per share. On Jun 03 ’24, another insider, O’Toole Amie Thuener, who serves as the VP, Chief Accounting Officer of the company, sold 682 shares for $173.86 each. As a result, the insider received 118,573 and left with 29,966 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 2186828316672 and an Enterprise Value of 2116426137600. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.25, and their Forward P/E ratio for the next fiscal year is 20.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.91 while its Price-to-Book (P/B) ratio in mrq is 7.51. Its current Enterprise Value per Revenue stands at 6.652 whereas that against EBITDA is 19.289.

Stock Price History:

The Beta on a monthly basis for GOOG is 1.05, which has changed by 0.44456184 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, GOOG has reached a high of $182.08, while it has fallen to a 52-week low of $115.83. The 50-Day Moving Average of the stock is 4.47%, while the 200-Day Moving Average is calculated to be 20.51%.

Shares Statistics:

Over the past 3-months, GOOG traded about 18.99M shares per day on average, while over the past 10 days, GOOG traded about 15338420 shares per day. A total of 5.69B shares are outstanding, with a floating share count of 5.22B. Insiders hold about 57.75% of the company’s shares, while institutions hold 27.67% stake in the company. Shares short for GOOG as of 1715731200 were 38043235 with a Short Ratio of 1.93, compared to 1713139200 on 36944458.

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.

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