Godaddy Inc (NYSE:GDDY) does about 1.47M shares in volume on a normal day but saw 1653857 shares change hands in Monday trading. The company now has a market cap of 18.29B USD. Its current market price is $128.34, marking an increase of 3.80% compared to the previous close of $123.64. The 52 week high reached by this stock is $127.99 whilst the lowest price level in 52 weeks is $67.43.
Godaddy Inc (GDDY) has a 20-day trading average at $123.67 and the current price is 0.27% off the 52-week high compared with 90.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $120.18 and its 200-day simple moving average is $96.45. If we look at the stock’s price movements over the week, volatility stands at 3.22%, which decreases to 2.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.87 to suggest the stock is neutral.
The consensus objective for the share price is $140.08, suggesting that the stock has a potential upside of 8.38% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 27, 2024 when Raymond James resumed the stock to “Strong Buy” and issued a price target of $150. Evercore ISI downgraded the stock to “In-line” from Outperform on February 14, 2024 at a price target of $100-$110.
Godaddy Inc (GDDY) stock is up 2.66% over the week and 1.91% over the past month. Its price is 20.89% year-to-date and 77.53% over the past year.
To reach the target analysts have set, the stock logically needs to grow 8.38 percent from here.
The company has a return on investment of 40.69% and return on equity of 6141.30%. The price to earnings ratio (P/E ratio) amounts to 10.67 while the forward price to earnings ratio is 20.49. The beta has a value of 1.08. Price to book ratio is 44.07 and price to sales ratio is 4.24.
