Alphabet Inc (GOOG): A Great Stock For Handling Current Market Conditions?

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 1.98% and -11.51% over the past three months. GOOG shares are trading 19.61% year to date (YTD), with the 12-month market performance up to 23.70% 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 17.87 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 4.87%, 3.02%, and 4.95% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Alphabet Inc (NASDAQ: GOOG) shares accounts for 27.61% of the company’s 5.69B shares outstanding.

It has a market capitalization of $2074.97B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 24.18, while the earnings-per-share (ttm) stands at $6.97. The company has a PEG of 1.34 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 1.81% over the week and 1.90% over the month.

Earnings per share for the fiscal year are expected to increase by 31.73%, and 13.52% over the next financial year. EPS should shrink at an annualized rate of 18.00% 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. Pivotal Research Group stated their Buy rating for the stock in a research note on October 01, 2024, with the firm’s price target at $215. TD Cowen coverage for the Alphabet Inc (GOOG) stock in a research note released on July 10, 2024 offered a Buy rating with a price target of $220. Rosenblatt was of a view on June 28, 2024 that the stock is Neutral, while Oppenheimer gave the stock Outperform rating on April 08, 2024, issuing a price target of $172- $185. Raymond James on their part issued Outperform rating on December 20, 2023.

Most Popular

Related Posts