Alphabet Inc (NASDAQ: GOOGL) is -4.65% lower on its value in year-to-date trading and has touched a low of $140.53 and a high of $207.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOOGL stock was last observed hovering at around $177.62 in the last trading session, with the day’s gains setting it 2.57%.
Currently trading at $180.19, the stock is 3.15% and 6.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.2 million and changing 1.45% at the moment leaves the stock 4.08% off its SMA200. GOOGL registered -4.81% loss for a year compared to 6-month loss of -7.83%. The firm has a 50-day simple moving average (SMA 50) of $169.6308 and a 200-day simple moving average (SMA200) of $173.13025.
The stock witnessed a 0.89% gain in the last 1 month and extending the period to 3 months gives it a 13.53%, and is 0.37% 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 2.80% over the week and 2.51% over the month.
Alphabet Inc (GOOGL) has around 183323 employees, a market worth around $2192.72B and $359.31B in sales. Current P/E ratio is 20.09 and Fwd P/E is 17.69. Profit margin for the company is 30.89%. Distance from 52-week low is 28.22% and -12.97% from its 52-week high. The company has generated returns on investments over the last 12 months (30.02%).
The EPS is expected to grow by 19.43% this year.
Alphabet Inc (GOOGL) Top Institutional Holders
6284.0 institutions hold shares in Alphabet Inc (GOOGL), with institutional investors hold 81.24% of the company’s shares. The shares outstanding are 5.83B, and float is at 5.80B with Short Float at 1.32%. Institutions hold 81.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 504.37 million shares valued at $91.87 billion. The investor’s holdings represent 4.0863% of the GOOGL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 421.08 million shares valued at $76.7 billion to account for 3.4115 of the shares outstanding. The other top investors are FMR LLC which holds 228.43 million shares representing 1.8507% and valued at over $41.61 billion, while STATE STREET CORP holds 1.7971 of the shares totaling 221.81 million with a market value of $40.4 billion.
