Alphabet Inc. [NASDAQ: GOOG] jumped around 34.3 points on Tuesday, while shares priced at $1465.46 at the close of the session, up 2.40%.
Alphabet Inc. stock is now 9.61% up from its year-to-date (YTD) trading value. GOOG Stock saw the intraday high of $1,469.52 and lowest of $1,434.53 per share. The company’s 52-week high price is 1733.18, which means current price is +44.59% above from all time high which was touched on 09/02/20.
Compared to the average trading volume of 1.82M shares, GOOG reached a trading volume of 1571595 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Alphabet Inc. [GOOG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOOG shares is $1707.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOOG stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Pivotal Research Group have made an estimate for Alphabet Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $1700 to $1975. The new note on the price target was released on July 28, 2020, representing the official price target for Alphabet Inc. stock. Previously, the target price had yet another raise from $1425 to $1575, while Pivotal Research Group kept a Buy rating on GOOG stock.
The Average True Range (ATR) for Alphabet Inc. is set at 48.14, with the Price to Sales ratio for GOOG stock in the period of the last 12 months amounting to 6.06. The Price to Book ratio for the last quarter was 4.82.
How has GOOG stock performed recently?
Alphabet Inc. [GOOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.93. With this latest performance, GOOG shares dropped by -7.27% in over the last four-week period, additionally plugging by 29.18% over the last 6 months – not to mention a rise of 18.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOOG stock in for the last two-week period is set at 39.73, with the RSI for the last a single of trading hit 36.77, and the three-weeks RSI is set at 43.10 for Alphabet Inc. [GOOG]. The present Moving Average for the last 50 days of trading for this stock 1,540.35, while it was recorded at 1,474.61 for the last single week of trading, and 1,405.20 for the last 200 days.
Alphabet Inc. [GOOG]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Alphabet Inc. [GOOG] shares currently have an operating margin of +21.98 and a Gross Margin at +55.46. Alphabet Inc.’s Net Margin is presently recorded at +21.28.
Return on Total Capital for GOOG is now 17.78, given the latest momentum, and Return on Invested Capital for the company is 17.26. Return on Equity for this stock inclined to 18.12, with Return on Assets sitting at 13.50. When it comes to the capital structure of this company, Alphabet Inc. [GOOG] has a Total Debt to Total Equity ratio set at 7.93. Additionally, GOOG Total Debt to Total Capital is recorded at 7.34, with Total Debt to Total Assets ending up at 5.79. Long-Term Debt to Equity for the company is recorded at 7.33, with the Long-Term Debt to Total Capital now at 6.79.
Reflecting on the efficiency of the workforce at the company, Alphabet Inc. [GOOG] managed to generate an average of $288,842 per employee. Receivables Turnover for the company is 6.63 with a Total Asset Turnover recorded at a value of 0.63.
Earnings analysis for Alphabet Inc. [GOOG]
With the latest financial reports released by the company, Alphabet Inc. posted 10.12/share EPS, while the average EPS was predicted by analysts to be reported at 12.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphabet Inc. go to 6.09%.
Insider trade positions for Alphabet Inc. [GOOG]
There are presently around $326,482 million, or 70.62% of GOOG stock, in the hands of institutional investors. The top three institutional holders of GOOG stocks are: VANGUARD GROUP INC with ownership of 22,636,989, which is approximately -2.271% of the company’s market cap and around 5.75% of the total institutional ownership; BLACKROCK INC., holding 20,335,553 shares of the stock with an approximate value of $29.8 billion in GOOG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $18.11 billion in GOOG stock with ownership of nearly -1.292% of the company’s market capitalization.
Positions in Alphabet Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,160 institutional holders increased their position in Alphabet Inc. [NASDAQ:GOOG] by around 5,690,399 shares. Additionally, 1,218 investors decreased positions by around 11,879,496 shares, while 374 investors held positions by with 205,214,829 shares. The mentioned changes placed institutional holdings at 222,784,724 shares, according to the latest SEC report filing. GOOG stock had 145 new institutional investments in for a total of 414,779 shares, while 84 institutional investors sold positions of 636,064 shares during the same period.