Alphabet Inc (NASDAQ: GOOG): Hunting Genuine Value In Market Debris

Currently, there are 5.69B common shares owned by the public and among those 5.19B shares have been available to trade.

The company’s stock has a 5-day price change of 3.96% and -8.67% over the past three months. GOOG shares are trading 16.82% year to date (YTD), with the 12-month market performance up to 22.33% higher. It has a 12-month low price of $121.46 and touched a high of $193.31 over the same period. GOOG has an average intraday trading volume of 18.06 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 3.02%, -1.50%, and 3.52% respectively.

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Institutional ownership of Alphabet Inc (NASDAQ: GOOG) shares accounts for 27.58% of the company’s 5.69B shares outstanding.

It has a market capitalization of $2026.72B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 23.62, while the earnings-per-share (ttm) stands at $6.97. The company has a PEG of 1.15 and a Quick Ratio of 2.08 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.22% over the week and 2.14% over the month.

Earnings per share for the fiscal year are expected to increase by 31.64%, and 13.60% over the next financial year. EPS should shrink at an annualized rate of 20.50% 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. TD Cowen stated their Buy rating for the stock in a research note on July 10, 2024, with the firm’s price target at $200-$220. Rosenblatt coverage for the Alphabet Inc (GOOG) stock in a research note released on June 28, 2024 offered a Neutral rating with a price target of $181. Oppenheimer was of a view on April 08, 2024 that the stock is Outperform, while Raymond James gave the stock Outperform rating on December 20, 2023, issuing a price target of $150. BofA Securities on their part issued Buy rating on January 31, 2023.

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