Alphabet Inc (NASDAQ: GOOG) is -5.11% lower on its value in year-to-date trading and has touched a low of $142.66 and a high of $208.70 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 GOOG stock was last observed hovering at around $181.31 in the last trading session, with the day’s gains setting it 1.5%.
Currently trading at $182.81, the stock is 3.91% and 6.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.95 million and changing 0.83% at the moment leaves the stock 4.58% off its SMA200. GOOG registered -4.01% loss for a year compared to 6-month loss of -6.44%. The firm has a 50-day simple moving average (SMA 50) of $171.2998 and a 200-day simple moving average (SMA200) of $174.81215.
The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a 17.66%, and is 2.96% 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 2.75% over the week and 2.51% over the month.
Alphabet Inc (GOOG) has around 183323 employees, a market worth around $2210.86B and $359.31B in sales. Current P/E ratio is 20.39 and Fwd P/E is 17.95. Profit margin for the company is 30.89%. Distance from 52-week low is 28.14% and -12.41% 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 (GOOG) Top Institutional Holders
5328.0 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 65.76% of the company’s shares. The shares outstanding are 5.47B, and float is at 5.07B with Short Float at 0.79%. Institutions hold 61.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 414.41 million shares valued at $76.01 billion. The investor’s holdings represent 3.3574% of the GOOG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 355.33 million shares valued at $65.17 billion to account for 2.8788 of the shares outstanding. The other top investors are STATE STREET CORP which holds 187.07 million shares representing 1.5156% and valued at over $34.31 billion, while FMR LLC holds 0.8843 of the shares totaling 109.15 million with a market value of $20.02 billion.
Alphabet Inc (GOOG) Insider Activity
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