For Alphabet Inc. [GOOGL], Analyst sees a drop to $160. What next?

Alphabet Inc. [NASDAQ: GOOGL] stock went on a downward path that fall over -0.54% on Friday, amounting to a one-week price increase of more than 3.06%. The company report on November 28, 2022 that RadNet’s Aidence Artificial Intelligence (AI) Subsidiary and Google Health Enter into Collaboration to Help Improve Lung Cancer Screening with AI Solutions.

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Over the last 12 months, GOOGL stock dropped by -29.75%. The one-year Alphabet Inc. stock forecast points to a potential upside of 21.41. The average equity rating for GOOGL stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1308.88 billion, with 6.86 billion shares outstanding and 5.90 billion shares in the current float. Compared to the average trading volume of 31.93M shares, GOOGL stock reached a trading volume of 21458607 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Alphabet Inc. [GOOGL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOOGL shares is $127.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOOGL stock is a recommendation set at 1.80. 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.

Wells Fargo have made an estimate for Alphabet Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 27, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $133 to $132. The new note on the price target was released on July 27, 2022, representing the official price target for Alphabet Inc. stock. Previously, the target price had yet another drop from $150 to $145, while Truist kept a Buy rating on GOOGL stock. On July 27, 2022, analysts decreased their price target for GOOGL shares from 187.50 to 150.

The Average True Range (ATR) for Alphabet Inc. is set at 3.16, with the Price to Sales ratio for GOOGL stock in the period of the last 12 months amounting to 4.64. The Price to Book ratio for the last quarter was 5.16, with the Price to Cash per share for the same quarter was set at 8.92. Price to Free Cash Flow for GOOGL in the course of the last twelve months was 20.93 with Quick ratio for the last quarter at 2.50.

GOOGL Stock Performance Analysis:

Alphabet Inc. [GOOGL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.06. With this latest performance, GOOGL shares gained by 15.49% in over the last four-week period, additionally sinking by -12.31% over the last 6 months – not to mention a drop of -29.75% 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 GOOGL stock in for the last two-week period is set at 57.19, with the RSI for the last a single of trading hit 61.37, and the three-weeks RSI is set at 54.04 for Alphabet Inc. [GOOGL]. The present Moving Average for the last 50 days of trading for this stock 96.75, while it was recorded at 98.73 for the last single week of trading, and 113.37 for the last 200 days.

Insight into Alphabet Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Alphabet Inc. [GOOGL] shares currently have an operating margin of +30.51 and a Gross Margin at +56.91. Alphabet Inc.’s Net Margin is presently recorded at +29.53.

Return on Equity for this stock inclined to 32.07, with Return on Assets sitting at 22.40.

Alphabet Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

GOOGL Stock EPS

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 GOOGL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphabet Inc. go to 8.95%.

Alphabet Inc. [GOOGL] Insider Position Details

There are presently around $457,060 million, or 78.60% of GOOGL stock, in the hands of institutional investors. The top three institutional holders of GOOGL stocks are: VANGUARD GROUP INC with ownership of 477,035,902, which is approximately 0.971% of the company’s market cap and around 7.78% of the total institutional ownership; BLACKROCK INC., holding 411,450,654 shares of the stock with an approximate value of $41.33 billion in GOOGL stocks shares; and FMR LLC, currently with $24.13 billion in GOOGL stock with ownership of nearly 0.352% of the company’s market capitalization.

Positions in Alphabet Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,813 institutional holders increased their position in Alphabet Inc. [NASDAQ:GOOGL] by around 164,527,558 shares. Additionally, 1,645 investors decreased positions by around 231,571,429 shares, while 425 investors held positions by with 4,154,476,181 shares. The mentioned changes placed institutional holdings at 4,550,575,168 shares, according to the latest SEC report filing. GOOGL stock had 156 new institutional investments in for a total of 35,117,054 shares, while 138 institutional investors sold positions of 17,562,132 shares during the same period.

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