Alphabet Inc (NASDAQ: GOOG) is 10.49% higher on its value in year-to-date trading and has touched a low of $103.27 and a high of $161.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOOG stock was last observed hovering at around $157.46 in the last trading session, with the day’s loss setting it -1.74%.
Currently trading at $155.72, the stock is 0.44% and 5.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.14 million and changing -1.11% at the moment leaves the stock 12.77% off its SMA200. GOOG registered 48.28% gain for a year compared to 6-month gain of 11.80%.
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The stock witnessed a 4.04% loss in the last 1 month and extending the period to 3 months gives it a 5.24%, and is -2.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.03% over the week and 1.95% over the month.
Alphabet Inc (GOOG) has around 182502 employees, a market worth around $1936.07B and $307.16B in sales. Current P/E ratio is 26.82 and Fwd P/E is 19.79. Profit margin for the company is 24.03%. Distance from 52-week low is 50.79% and -3.70% from its 52-week high. The company has generated returns on investments over the last 12 months (23.87%).
The EPS is expected to grow by 17.77% this year.
Alphabet Inc (GOOG) Top Institutional Holders
The shares outstanding are 5.69B, and float is at 5.27B with Short Float at 0.65%.
Alphabet Inc (GOOG) Insider Activity
The most recent transaction is an insider sale by Pichai Sundar,the company’sChief Executive Officer. SEC filings show that Pichai Sundar sold 22,500 shares of the company’s common stock on Apr 17 ’24 at a price of $157.41 per share for a total of $3.54 million. Following the sale, the insider now owns 2.3 million shares.
Alphabet Inc disclosed in a document filed with the SEC on Apr 12 ’24 that HENNESSY JOHN L (Director) sold a total of 800 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $159.56 per share for $0.13 million. Following the transaction, the insider now directly holds 7991.0 shares of the GOOG stock.
Still, SEC filings show that on Apr 03 ’24, Pichai Sundar (Chief Executive Officer) disposed off 22,500 shares at an average price of $155.67 for $3.5 million. The insider now directly holds 2,325,513 shares of Alphabet Inc (GOOG).
