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Over the last 12 months, GOOG stock rose by 41.52%. The one-year Alphabet Inc stock forecast points to a potential upside of 11.85. The average equity rating for GOOG stock is currently 1.55, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1796.12 billion, with 5.69 billion shares outstanding and 5.33 billion shares in the current float. Compared to the average trading volume of 21.22M shares, GOOG stock reached a trading volume of 41792059 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $162.84 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 1.55. 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.
Raymond James have made an estimate for Alphabet Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 20, 2023.
The Average True Range (ATR) for Alphabet Inc is set at 3.42, with the Price to Sales ratio for GOOG stock in the period of the last 12 months amounting to 5.85. The Price to Book ratio for the last quarter was 6.31, with the Price to Cash per share for the same quarter was set at 8.86. Price to Free Cash Flow for GOOG in the course of the last twelve months was 25.85 with Quick ratio for the last quarter at 2.10.
GOOG Stock Performance Analysis:
Alphabet Inc [GOOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.66. With this latest performance, GOOG shares gained by 2.27% in over the last four-week period, additionally plugging by 11.47% over the last 6 months – not to mention a rise of 41.52% 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 47.27, with the RSI for the last a single of trading hit 41.74, and the three-weeks RSI is set at 50.32 for Alphabet Inc [GOOG]. The present Moving Average for the last 50 days of trading for this stock 140.84, while it was recorded at 147.19 for the last single week of trading, and 130.43 for the last 200 days.
Insight into Alphabet Inc Fundamentals:
Alphabet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.
GOOG Stock EPS
With the latest financial reports released by the company, Alphabet Inc posted 1.17/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.40%. 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 19.25%.
Alphabet Inc [GOOG] Institutonal Ownership Details
The top three institutional holders of GOOG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GOOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GOOG stock with ownership which is approximately 5.8325%.
