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In the latest session, Alphabet Inc (NASDAQ: GOOG) closed at $178.35 up 0.72% from its previous closing price of $177.07. In other words, the price has increased by $0.72 from its previous closing price. On the day, 14.14 million shares were traded. GOOG stock price reached its highest trading level at $178.71 during the session, while it also had its lowest trading level at $177.21.
Ratios:
For a deeper understanding of Alphabet Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.89. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 05 ’24 when Pichai Sundar sold 22,500 shares for $176.58 per share. The transaction valued at 3,973,122 led to the insider holds 2,235,511 shares of the business.
O’Toole Amie Thuener sold 682 shares of GOOG for $118,573 on Jun 03 ’24. The VP, Chief Accounting Officer now owns 29,966 shares after completing the transaction at $173.86 per share. On May 15 ’24, another insider, Pichai Sundar, who serves as the Chief Executive Officer of the company, sold 22,500 shares for $173.22 each. As a result, the insider received 3,897,497 and left with 2,258,011 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 2193134452736 and an Enterprise Value of 2124335284224. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.35, and their Forward P/E ratio for the next fiscal year is 20.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 7.54. Its current Enterprise Value per Revenue stands at 6.677 whereas that against EBITDA is 19.361.
Stock Price History:
Over the past 52 weeks, GOOG has reached a high of $179.95, while it has fallen to a 52-week low of $115.83. The 50-Day Moving Average of the stock is 7.53%, while the 200-Day Moving Average is calculated to be 22.62%.
Shares Statistics:
For the past three months, GOOG has traded an average of 20.89M shares per day and 16811180 over the past ten days. 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 27.66% stake in the company. Shares short for GOOG as of 1715731200 were 38043235 with a Short Ratio of 1.87, compared to 1713139200 on 36944458.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 33.0 analysts currently analyzing and rating the stock of Alphabet Inc (GOOG).On average, analysts expect EPS of $1.83 for the current quarter, with a high estimate of $2.01 and a low estimate of $1.66, while EPS last year was $1.44. The consensus estimate for the next quarter is $1.83, with high estimates of $2.09 and low estimates of $1.63.
Analysts are recommending an EPS of between $8.17 and $6.87 for the fiscal current year, implying an average EPS of $7.56. EPS for the following year is $8.57, with 42.0 analysts recommending between $10.24 and $7.61.
Revenue Estimates
A total of 31 analysts believe the company’s revenue will be $84.1B this quarter.It ranges from a high estimate of $85.48B to a low estimate of $82.81B. As of the current estimate, Alphabet Inc’s year-ago sales were $74.6BFor the next quarter, 31 analysts are estimating revenue of $85.7B. There is a high estimate of $87.3B for the next quarter, whereas the lowest estimate is $83.95B.
A total of 38 analysts have provided revenue estimates for GOOG’s current fiscal year. The highest revenue estimate was $353.69B, while the lowest revenue estimate was $341.65B, resulting in an average revenue estimate of $346.44B. In the same quarter a year ago, actual revenue was $307.39BBased on 38 analysts’ estimates, the company’s revenue will be $384.12B in the next fiscal year. The high estimate is $406.27B and the low estimate is $374.64B.
