Alphabet Inc (NASDAQ:GOOG) price on Wednesday, May 09, fall -1.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $171.16.
A look at the stock’s price movement, the close in the last trading session was $172.98. The PE ratio in trailing twelve months stood at 26.25. Turning to its 52-week performance, $176.42 and $105.79 were the 52-week high and 52-week low respectively. Overall, GOOG moved 8.23% over the past month.
Alphabet Inc’s market cap currently stands at around $2117.08 billion.
Analysts have a consensus estimate of 84.04B for the company’s revenue for the quarter, with a low and high estimate of 82.39B and 85.48B respectively. The average forecast suggests up to a 12.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 346.39B, representing a 12.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GOOG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.43, with GOOG’s current price about 5.36% and 12.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.96, while 7-day volatility ratio is 1.74% and 2.11% in the 30-day chart. Further, Alphabet Inc (GOOG) has a beta value of 1.02, and an average true range (ATR) of 4.25.
If we refocus on Alphabet Inc (NASDAQ:GOOG), historical trading data shows that trading volumes averaged 23.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.69 billion shares.
The 57.69% of Alphabet Inc’s shares are in the hands of company insiders while institutional holders own 27.90% of the company’s shares. Current price change has pushed the stock 21.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GOOG stock continues to rise going into the next quarter.