Alphabet Inc (NASDAQ:GOOG) shares, rose in value, with the stock price up by 0.74% to the previous day’s close as strong demand from buyers drove the stock to $161.10.
Actively observing the price movement in the last trading, the stock closed the session at $159.92. The PE ratio was 27.75 over 12-month period. Referring to stock’s 52-week performance, its high was $161.70, and the low was $103.27. On the whole, GOOG has fluctuated by 6.58% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOOG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.44, with the price of GOOG currently trading nearly 3.18% and 8.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.10, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.94%. Furthermore, Alphabet Inc (GOOG)’s beta value is 1.04, and its average true range (ATR) is 3.15.
A comparison of Alphabet Inc (GOOG) with its peers suggests the former has fared considerably weaker in the market. GOOG showed an intraday change of 0.74% in last session, and over the past year, it grew by 50.87%%.
Data on historical trading for Alphabet Inc (NASDAQ:GOOG) indicates that the trading volumes over the past 3 months, they’ve averaged 22.93 million. According to company’s latest data on outstanding shares, there are 5.69 billion shares outstanding.
Nearly 57.58% of Alphabet Inc’s shares belong to company insiders and institutional investors own 27.81% of the company’s shares. The stock has risen by 14.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOOG stock heading into the next quarter.
