Alphabet Inc (NASDAQ:GOOGL) price on Wednesday, May 09, fall -1.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $169.38.
A look at the stock’s price movement, the close in the last trading session was $171.25. The PE ratio in trailing twelve months stood at 25.98. Turning to its 52-week performance, $174.71 and $105.16 were the 52-week high and 52-week low respectively. Overall, GOOGL moved 8.16% over the past month.
Alphabet Inc’s market cap currently stands at around $2095.06 billion.
Analysts have a consensus estimate of 84.07B 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 346.63B, representing a 12.80% 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 GOOGL 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 1.32, with GOOGL’s current price about 5.34% and 12.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.55, while 7-day volatility ratio is 1.77% and 2.15% in the 30-day chart. Further, Alphabet Inc (GOOGL) has a beta value of 1.01, and an average true range (ATR) of 4.29.
If we refocus on Alphabet Inc (NASDAQ:GOOGL), historical trading data shows that trading volumes averaged 31.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.90 billion shares.
The 52.69% of Alphabet Inc’s shares are in the hands of company insiders while institutional holders own 37.80% of the company’s shares. Current price change has pushed the stock 21.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GOOGL stock continues to rise going into the next quarter.
