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Godaddy Inc (NYSE: GDDY) closed the day trading at $147.64 up 0.58% from the previous closing price of $146.79. In other words, the price has increased by $0.58 from its previous closing price. On the day, 1.02 million shares were traded. GDDY stock price reached its highest trading level at $148.71 during the session, while it also had its lowest trading level at $146.58.
Ratios:
For a better understanding of GDDY, 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 31.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.80. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 9.46 whereas as Long-Term Debt/Eq ratio is at 9.35.
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, B. Riley Securities on July 12, 2024, Reiterated its Buy rating but revised its target price to $170 from $143 previously.
Evercore ISI Downgraded its Outperform to In-line on February 14, 2024, whereas the target price for the stock was revised from $100 to $110.
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 Jul 01 ’24 when Bhutani Amanpal Singh sold 4,500 shares for $139.79 per share. The transaction valued at 629,055 led to the insider holds 365,398 shares of the business.
Chen Roger sold 4,000 shares of GDDY for $559,160 on Jul 01 ’24. The Chief Operating Officer now owns 192,632 shares after completing the transaction at $139.79 per share. On Jun 10 ’24, another insider, Sweet Leah, who serves as the Director of the company, sold 1,000 shares for $141.59 each. As a result, the insider received 141,590 and left with 11,317 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, GDDY now has a Market Capitalization of 20808527872 and an Enterprise Value of 23933409280. As of this moment, Godaddy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.27, and their Forward P/E ratio for the next fiscal year is 23.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.82 while its Price-to-Book (P/B) ratio in mrq is 50.69. Its current Enterprise Value per Revenue stands at 5.532 whereas that against EBITDA is 26.729.
Stock Price History:
The Beta on a monthly basis for GDDY is 1.14, which has changed by 0.91914725 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, GDDY has reached a high of $147.79, while it has fallen to a 52-week low of $69.18. The 50-Day Moving Average of the stock is 6.85%, while the 200-Day Moving Average is calculated to be 31.88%.
Shares Statistics:
Over the past 3-months, GDDY traded about 1.86M shares per day on average, while over the past 10 days, GDDY traded about 1222770 shares per day. A total of 142.05M shares are outstanding, with a floating share count of 140.06M. Insiders hold about 0.62% of the company’s shares, while institutions hold 97.14% stake in the company. Shares short for GDDY as of 1719532800 were 3093952 with a Short Ratio of 1.66, compared to 1717113600 on 2909733. Therefore, it implies a Short% of Shares Outstanding of 3093952 and a Short% of Float of 2.8299998.
