A Few Bright Spots In Alphabet Inc (NASDAQ: GOOG)

Alphabet Inc (NASDAQ:GOOG) currently has a daily average trading volume of 25.61M but it saw 45567580 shares traded in last market. With a market cap of 2053.66B USD, the company’s current market price of $170.06 came rising about 2.87 while comparing to the previous closing price of $165.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $208.70 and as low as $142.66.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Seaport Research Partners which upgraded the stock as “Buy” in its note to investors issued on October 30, 2024, recommending a price target of $200 for it. Pivotal Research Group issued its recommendations for the stock as it initiated the price target for the stock is $215.

Over the week, GOOG’s stock price is moving 1.95% up while it is 10.50% when we observe its performance for the past one month. Year-to-date it is -10.70% down and over the past year, the stock is showing a downside performance of -4.08%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 2.17 while estimate for next year EPS is 9.57. In next quarter, company is expected to be making quarterly sales of $97.03B as analysts are expecting the sales for current fiscal year at $387.42B and seeing the company making $428.05B in sales next year. Moreover, analysts are in estimates of $93.56B for current-quarter revenue.

Currently, Alphabet Inc’s total number of outstanding shares is 5.47B with 6.69% of that held by the insiders while 61.45% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 30.02% and return on equity (ROE) at 34.79%. It has a price to earnings ratio (P/E ratio) of 18.96 while having a 16.77 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 5.99 while price to sale or P/S ratio amounts to 5.72. Its return on asset (ROA) is 25.15% on average.