What Are The Chances Of Alphabet Inc. (GOOGL) Being A Good Investment?

Alphabet Inc (NASDAQ:GOOGL) has a beta value of 1.05 and has seen 4.96 million shares traded in the recent trading session. The company, currently valued at $2144.17B, closed the recent trade at $173.51 per share which meant it lost -$0.95 on the day or -0.55% during that session. The GOOGL stock price is -3.03% off its 52-week high price of $178.77 and 33.52% above the 52-week low of $115.35. The 3-month trading volume is 28.03 million shares.

Alphabet Inc (NASDAQ:GOOGL) trade information

Sporting -0.55% in the red today, the stock has traded in the green over the last five days, when the GOOGL stock price touched $173.51 or saw a rise of 2.45%. Year-to-date, Alphabet Inc shares have moved 24.21%, while the 5-day performance has seen it change 0.19%. Over the past 30 days, the shares of Alphabet Inc (NASDAQ:GOOGL) have changed 2.09%.

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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 26.71% over the past 6 months, with this year growth rate of 31.03%, compared to 22.60% for the industry. Revenue growth from the last financial year stood is estimated to be 12.70%.

34 analysts offering their estimates for the company have set an average revenue estimate of 84.1B for the current quarter. 33 have an estimated revenue figure of 85.71B for the next ending quarter. Year-ago sales stood 74.6B and 76.69B respectively for this quarter and the next, and analysts expect sales will grow by 12.70% for the current quarter and 12.70% 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 30.04% while over the next 5 years, the company’s earnings are expected to increase by 19.70%.

GOOGL Dividends

Alphabet Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.