The price of Alphabet Inc (NASDAQ: GOOG) closed at $138.08 in the last session, down -1.22% from day before closing price of $139.78. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 28479022 shares were traded. GOOG stock price reached its highest trading level at $140.00 during the session, while it also had its lowest trading level at $137.98.
Ratios:
We take a closer look at GOOG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.70. 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.
On January 31, 2023, BofA Securities reiterated its Buy rating and also lowered its target price recommendation from $116 to $119.
Credit Suisse reiterated its Outperform rating for the stock on October 11, 2022, while the target price for the stock was revised from $140 to $134.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 GOOG 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, GOOG now has a Market Capitalization of 1.71T and an Enterprise Value of 1.63T. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.79, and their Forward P/E ratio for the next fiscal year is 17.61. 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 5.59 while its Price-to-Book (P/B) ratio in mrq is 6.07. Its current Enterprise Value per Revenue stands at 5.30 whereas that against EBITDA is 16.62.
Stock Price History:
Over the past 52 weeks, GOOG has reached a high of $155.20, while it has fallen to a 52-week low of $89.77. The 50-Day Moving Average of the stock is 144.04, while the 200-Day Moving Average is calculated to be 133.79.
Shares Statistics:
According to the various share statistics, GOOG traded on average about 22.84M shares per day over the past 3-months and 24.5M shares per day over the past 10 days. A total of 5.69B shares are outstanding, with a floating share count of 5.28B. Insiders hold about 57.55% of the company’s shares, while institutions hold 27.86% stake in the company. Shares short for GOOG as of Feb 15, 2024 were 34.87M with a Short Ratio of 1.53, compared to 36.13M on Jan 12, 2024.
Earnings Estimates
The company has 33 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.5 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 $1.67, with high estimates of $1.81 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 $6.78. EPS for the following year is $7.81, with 40 analysts recommending between $9.07 and $6.89.
Revenue Estimates
According to 30 analysts, the current quarter’s revenue is expected to be $78.59B. 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, 29 analysts are estimating revenue of $82.76B, 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 37 analysts have provided revenue estimates for GOOG’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 $342.21B. In the same quarter a year ago, actual revenue was $307.39B, up 11.30% from the average estimate. Based on 36 analysts’ estimates, the company’s revenue will be $378.2B 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.
