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

Currently, there are 5.55B common shares owned by the public and among those 5.14B shares have been available to trade.

The company’s stock has a 5-day price change of 8.44% and 20.37% over the past three months. GOOG shares are trading 35.80% year to date (YTD), with the 12-month market performance up to 42.85% higher. It has a 12-month low price of $131.06 and touched a high of $196.89 over the same period. GOOG has an average intraday trading volume of 18.14 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 8.03%, 10.53%, and 13.99% respectively.

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Institutional ownership of Alphabet Inc (NASDAQ: GOOG) shares accounts for 27.26% of the company’s 5.55B shares outstanding.

It has a market capitalization of $2305.12B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 25.39, while the earnings-per-share (ttm) stands at $7.54. The company has a PEG of 1.60 and a Quick Ratio of 1.95 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.71% over the week and 2.21% over the month.

Earnings per share for the fiscal year are expected to increase by 38.27%, and 11.96% over the next financial year. EPS should shrink at an annualized rate of 15.85% 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. Seaport Research Partners stated their Buy rating for the stock in a research note on October 30, 2024, with the firm’s price target at $200. Scotiabank coverage for the Alphabet Inc (GOOG) stock in a research note released on October 11, 2024 offered a Sector Outperform rating with a price target of $212. Pivotal Research Group was of a view on October 01, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on July 10, 2024, issuing a price target of $200- $220. Rosenblatt on their part issued Neutral rating on June 28, 2024.

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