Growing Through Challenges? – Alphabet Inc (GOOG)

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 1.18% and -2.42% over the past three months. GOOG shares are trading 18.49% year to date (YTD), with the 12-month market performance up to 31.83% 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 17.09 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 0.67%, 2.23%, and 2.69% respectively.

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Institutional ownership of Alphabet Inc (NASDAQ: GOOG) shares accounts for 27.60% of the company’s 5.69B shares outstanding.

It has a market capitalization of $2055.65B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 23.95, while the earnings-per-share (ttm) stands at $6.97. The company has a PEG of 1.31 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 1.60% over the week and 1.81% over the month.

Earnings per share for the fiscal year are expected to increase by 32.04%, and 13.49% over the next financial year. EPS should shrink at an annualized rate of 18.25% 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. Scotiabank stated their Sector Outperform rating for the stock in a research note on October 11, 2024, with the firm’s price target at $212. Pivotal Research Group coverage for the Alphabet Inc (GOOG) stock in a research note released on October 01, 2024 offered a Buy rating with a price target of $215. TD Cowen was of a view on July 10, 2024 that the stock is Buy, while Rosenblatt gave the stock Neutral rating on June 28, 2024, issuing a price target of $181. Oppenheimer on their part issued Outperform rating on April 08, 2024.

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