Stick With Alphabet Inc (GOOG). The Bull Are Alive And Well

Currently, there are 5.69B common shares owned by the public and among those 5.27B shares have been available to trade.

The company’s stock has a 5-day price change of 2.37% and 7.65% over the past three months. GOOG shares are trading 8.04% year to date (YTD), with the 12-month market performance up to 50.22% higher. It has a 12-month low price of $100.28 and touched a high of $155.20 over the same period. GOOG has an average intraday trading volume of 22.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.58%, 5.17%, and 12.34% respectively.

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Institutional ownership of Alphabet Inc (NASDAQ: GOOG) shares accounts for 27.86% of the company’s 5.69B shares outstanding.

It has a market capitalization of $1893.05B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 26.23, while the earnings-per-share (ttm) stands at $5.81. The company has a PEG of 1.36 and a Quick Ratio of 2.10 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.49% over the week and 1.97% over the month.

Analysts forecast that Alphabet Inc (GOOG) will achieve an EPS of $1.5 for the current quarter, $1.67 for the next quarter and $7.82 for 2025. The lowest estimate earnings-per-share for the quarter is $1.35 while analysts give the company a high EPS estimate of $1.66. Comparatively, EPS for the current quarter was $1.17 a year ago. Earnings per share for the fiscal year are expected to increase by 17.24%, and 15.47% over the next financial year. EPS should shrink at an annualized rate of 19.25% over the next five years, compared to 21.56% over the past 5-year period.

Looking at the support for the GOOG, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on December 20, 2023, with the firm’s price target at $150. BofA Securities coverage for the Alphabet Inc (GOOG) stock in a research note released on January 31, 2023 offered a Buy rating with a price target of $119. Credit Suisse was of a view on October 11, 2022 that the stock is Outperform, while MKM Partners gave the stock Buy rating on July 18, 2022, issuing a price target of $165- $140. Cowen on their part issued Outperform rating on July 13, 2022.

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