Alphabet Inc (NASDAQ: GOOG) is 36.21% higher on its value in year-to-date trading and has touched a low of $115.83 and a high of $187.62 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 $187.39 in the last trading session, with the day’s gains setting it 4.57%.
Currently trading at $191.96, the stock is 6.21% and 9.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.28 million and changing 2.44% at the moment leaves the stock 28.14% off its SMA200. GOOG registered 56.54% gain for a year compared to 6-month gain of 36.76%.
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The stock witnessed a 9.61% loss in the last 1 month and extending the period to 3 months gives it a 26.34%, and is 2.73% up 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 1.83% over the week and 1.72% over the month.
Alphabet Inc (GOOG) has around 182502 employees, a market worth around $2372.24B and $317.92B in sales. Current P/E ratio is 29.44 and Fwd P/E is 22.43. Profit margin for the company is 25.92%. Distance from 52-week low is 65.73% and 2.31% from its 52-week high. The company has generated returns on investments over the last 12 months (25.91%).
The EPS is expected to grow by 30.10% this year.
Alphabet Inc (GOOG) Top Institutional Holders
The shares outstanding are 5.69B, and float is at 5.22B with Short Float at 0.84%.
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 Jul 03 ’24 at a price of $186.74 per share for a total of $4.2 million. Following the sale, the insider now owns 2.23 million shares.
Alphabet Inc disclosed in a document filed with the SEC on Jul 02 ’24 that O’Toole Amie Thuener (VP, Chief Accounting Officer) sold a total of 682 shares of the company’s common stock. The trade occurred on Jul 02 ’24 and was made at $183.47 per share for $0.13 million. Following the transaction, the insider now directly holds 30650.0 shares of the GOOG stock.
Still, SEC filings show that on Jul 01 ’24, RAGHAVAN PRABHAKAR (Senior Vice President) disposed off 3,262 shares at an average price of $183.99 for $0.6 million. The insider now directly holds 9 shares of Alphabet Inc (GOOG).
