Alphabet Inc (NASDAQ: GOOGL) closed the day trading at $131.40 down -0.96% from the previous closing price of $132.67. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 35189792 shares were traded.
Ratios:
For a better understanding of GOOGL, 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 14.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.51. 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 Mar 06 ’24 when Pichai Sundar sold 22,500 shares for $132.70 per share. The transaction valued at 2,985,671 led to the insider holds 2,332,691 shares of the business.
O’Toole Amie Thuener sold 682 shares of GOOGL for $93,086 on Mar 04 ’24. The VP, Chief Accounting Officer now owns 28,602 shares after completing the transaction at $136.49 per share. On Feb 29 ’24, another insider, ARNOLD FRANCES, who serves as the Director of the company, sold 100 shares for $138.22 each. As a result, the insider received 13,822 and left with 15,263 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 1.64T and an Enterprise Value of 1.56T. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.63, and their Forward P/E ratio for the next fiscal year is 16.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.32 while its Price-to-Book (P/B) ratio in mrq is 5.78. Its current Enterprise Value per Revenue stands at 5.07 whereas that against EBITDA is 15.90.
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 142.49, while the 200-Day Moving Average is calculated to be 132.88.
Shares Statistics:
Over the past 3-months, GOOGL traded about 30.84M shares per day on average, while over the past 10 days, GOOGL traded about 36.35M shares per day. 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 37.68% stake in the company. Shares short for GOOGL as of Feb 15, 2024 were 49.73M with a Short Ratio of 1.61, 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
Current recommendations for the stock of the company come from 38 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 $6.8. 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 $82.77B, an increase of 10.90% 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 $342.27B. 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 $377.96B 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 10.40% from the average revenue estimate for this year.
