Insider’s View: Deciphering Alphabet Inc (GOOG)’s Financial Health Through Ratios

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The price of Alphabet Inc (NASDAQ: GOOG) closed at $171.13 in the last session, up 1.45% from day before closing price of $168.68. In other words, the price has increased by $1.45 from its previous closing price. On the day, 13.53 million shares were traded. GOOG stock price reached its highest trading level at $172.15 during the session, while it also had its lowest trading level at $169.72.

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 20.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.66. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.

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 July 10, 2024, 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:

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 Jul 17 ’24 when Pichai Sundar sold 22,500 shares for $182.84 per share. The transaction valued at 4,113,803 led to the insider holds 2,204,885 shares of the business.

HENNESSY JOHN L sold 1,500 shares of GOOG for $278,775 on Jul 12 ’24. The Director now owns 30,824 shares after completing the transaction at $185.85 per share. On Jul 03 ’24, another insider, Pichai Sundar, who serves as the Chief Executive Officer of the company, sold 22,500 shares for $186.74 each. As a result, the insider received 4,201,748 and left with 2,227,385 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 2095846391808 and an Enterprise Value of 2039045554176. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.55, and their Forward P/E ratio for the next fiscal year is 19.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.42 while its Price-to-Book (P/B) ratio in mrq is 7.01. Its current Enterprise Value per Revenue stands at 6.211 whereas that against EBITDA is 17.657.

Stock Price History:

Over the past 52 weeks, GOOG has reached a high of $193.31, while it has fallen to a 52-week low of $121.46. The 50-Day Moving Average of the stock is -5.08%, while the 200-Day Moving Average is calculated to be 11.33%.

Shares Statistics:

According to the various share statistics, GOOG traded on average about 18.07M shares per day over the past 3-months and 20168500 shares per day over the past 10 days. A total of 5.69B shares are outstanding, with a floating share count of 5.19B. Insiders hold about 57.82% of the company’s shares, while institutions hold 27.69% stake in the company. Shares short for GOOG as of 1721001600 were 45714908 with a Short Ratio of 2.53, compared to 1718323200 on 44008587.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0011856771