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As of close of business last night, Alphabet Inc’s stock clocked out at $186.78, down -0.28% from its previous closing price of $187.30. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 14.37 million shares were traded. GOOG stock price reached its highest trading level at $188.69 during the session, while it also had its lowest trading level at $186.14.
Ratios:
To gain a deeper understanding of GOOG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.40. 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 03 ’24 when Pichai Sundar sold 22,500 shares for $186.74 per share. The transaction valued at 4,201,748 led to the insider holds 2,227,385 shares of the business.
O’Toole Amie Thuener sold 682 shares of GOOG for $125,127 on Jul 02 ’24. The VP, Chief Accounting Officer now owns 30,650 shares after completing the transaction at $183.47 per share. On Jul 01 ’24, another insider, RAGHAVAN PRABHAKAR, who serves as the Senior Vice President of the company, sold 3,262 shares for $183.99 each. As a result, the insider received 600,172 and left with 9 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 2294735437824 and an Enterprise Value of 2228513144832. As of this moment, Alphabet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.65, and their Forward P/E ratio for the next fiscal year is 21.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.26 while its Price-to-Book (P/B) ratio in mrq is 7.90. Its current Enterprise Value per Revenue stands at 7.005 whereas that against EBITDA is 20.31.
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 $118.68. The 50-Day Moving Average of the stock is 4.93%, while the 200-Day Moving Average is calculated to be 23.54%.
Shares Statistics:
It appears that GOOG traded 18.65M shares on average per day over the past three months and 13434640 shares per day over the past ten days. A total of 5.69B shares are outstanding, with a floating share count of 5.22B. Insiders hold about 57.74% of the company’s shares, while institutions hold 27.65% stake in the company. Shares short for GOOG as of 1719532800 were 42854852 with a Short Ratio of 2.30, compared to 1717113600 on 36721194.
