Alphabet Inc [NASDAQ: GOOG] stock went on a downward path that fall over -2.35% on Friday, amounting to a one-week price decrease of less than -0.17%.
Over the last 12 months, GOOG stock rose by 30.91%. The one-year Alphabet Inc stock forecast points to a potential upside of 17.56. The average equity rating for GOOG stock is currently 1.56, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2073.00 billion, with 5.69 billion shares outstanding and 5.19 billion shares in the current float. Compared to the average trading volume of 17.30M shares, GOOG stock reached a trading volume of 18793118 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 $204.26 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 1.56. 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.
TD Cowen have made an estimate for Alphabet Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 10, 2024. The new note on the price target was released on June 28, 2024, representing the official price target for Alphabet Inc stock. Previously, the target price had yet another raise from $172 to $185, while Oppenheimer kept a Outperform rating on GOOG stock.
The Average True Range (ATR) for Alphabet Inc is set at 4.25, with the Price to Sales ratio for GOOG stock in the period of the last 12 months amounting to 6.32. The Price to Book ratio for the last quarter was 6.90, with the Price to Cash per share for the same quarter was set at 8.18. Price to Free Cash Flow for GOOG in the course of the last twelve months was 34.10 with Quick ratio for the last quarter at 2.08.
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 -0.17. With this latest performance, GOOG shares dropped by -10.13% in over the last four-week period, additionally plugging by 18.00% over the last 6 months – not to mention a rise of 30.91% 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 34.59, with the RSI for the last a single of trading hit 29.86, and the three-weeks RSI is set at 39.03 for Alphabet Inc [GOOG]. The present Moving Average for the last 50 days of trading for this stock 179.74, while it was recorded at 171.40 for the last single week of trading, and 154.50 for the last 200 days.
Insight into Alphabet Inc Fundamentals:
Alphabet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.08 and a Current Ratio set at 2.08.
GOOG 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 GOOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphabet Inc go to 20.50%.
Alphabet Inc [GOOG] Institutonal Ownership Details
There are presently around $623.08 billion, or None% of GOOG stock, in the hands of institutional investors. The top three institutional holders of GOOG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in GOOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in GOOG stock with ownership which is approximately 5.1238%.
