Alphabet Inc (NASDAQ:GOOGL) has a beta value of 1.02 and has seen 45.52 million shares traded in the last trading session. The company, currently valued at $2065.41B, closed the last trade at $166.15 per share which meant it lost -$5.8 on the day or -3.37% during that session. The GOOGL stock price is -5.15% off its 52-week high price of $174.71 and 37.68% above the 52-week low of $103.54. The 3-month trading volume is 32.33 million shares.
Alphabet Inc (NASDAQ:GOOGL) trade information
Sporting -3.37% in the red in last session, the stock has traded in the green over the last five days, when the GOOGL stock price touched $166.15 or saw a rise of 4.9%. Year-to-date, Alphabet Inc shares have moved 18.94%, while the 5-day performance has seen it change 6.32%. Over the past 30 days, the shares of Alphabet Inc (NASDAQ:GOOGL) have changed 10.08%.
Alphabet Inc (GOOGL) estimates and forecasts
Figures show that Alphabet Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 35.88% over the past 6 months, with this year growth rate of 17.59%, compared to 15.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 25.00% and 16.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 12.20%.
34 analysts offering their estimates for the company have set an average revenue estimate of $83.75 billion for the current quarter. 32 have an estimated revenue figure of $85.34 billion for the next quarter concluding in Sep 2024. Year-ago sales stood $74.6 billion and $76.69 billion respectively for this quarter and the next, and analysts expect sales will grow by 12.30% for the current quarter and 11.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.56% over the past 5 years. Earnings growth for 2024 is a modest 27.22% while over the next 5 years, the company’s earnings are expected to increase by 19.23%.
GOOGL Dividends
Alphabet Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
